Reply
Established Member
college22c
Posts: 28
Registered: ‎12-31-2012

Question about Credit card usage

I have two store cards and one Major- Wal-Mart, Amazon, and Capital one. I wanted to know if I had to use my Wal-Mart, and Amazon credit card each month to keep the card active. If I don't will I be charged some type of fee for not using my card monthly?

Established Contributor
BrokaToe
Posts: 726
Registered: ‎05-12-2012

Re: Question about Credit card usage

[ Edited ]

I find it good practice to use store cards, or any card for that matter, at least once every 3 months or so to make sure it stays active. No lender should charge you any type of fee for not using the card. At least in my experience I've never seen that happen.

 

Just charge something small on them every few months or so and you should be fine :smileyhappy:

 

Edit: Just wanted to add that I have seen some strange situations where Walmart has closed cards due to not enough activity, just something to keep in mind. Hopefully someone with more experience on that will chime in.


border="0" align="left" width="450" height="90">
Valued Contributor
dddewdrop
Posts: 1,060
Registered: ‎02-06-2013

Re: Question about Credit card usage

     I try to use my cards a tiny bit just so they don't get closed for inactivity. Also maybe let the cards have a balance on the statement date every once in a while so they report a balance to the CRA every once in a while. I tend to stick with having a small balance on 1 card and zero balance on the rest and i switch which one has the small balance from time to time. Some companies will indeed close a card after a while if you never use it.

0/10001100/13001346/16001699/2000Prepaid ,,Recent scores:FICO EX 632,EQ 635,TU 632...Link to my Rebuild Log
Valued Contributor
SnackTrader
Posts: 1,563
Registered: ‎09-15-2012

Re: Question about Credit card usage

I believe inactivity fees are banned by the CARD Act.

In My Wallet: Amex BCP (12/12) $22.200, Chase CSP (4/14) $12,000, Barclaycard Arrival (5/13) $10,500, Citi Forward (12/12) $9,600, Cap1 Cash Rewards (6/12) $9,000, Chase Freedom (12/12) $5,000

Last App: April 2, 2014

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+