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Regular Contributor
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Registered: ‎08-26-2009
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Shortest Time for Inactive Credit Card being closed?

Im little curious about what is the shortest time someone has had an inactive card being closed. I'm sure HSBC is going to get this one, but i still would like to see.


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Valued Contributor
Posts: 2,681
Registered: ‎07-29-2009
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Re: Shortest Time for Inactive Credit Card being closed?

Mine actually took longer than I expected. I opened Old Navy in Dec. of 2006, and Old Navy closed it in January of 2009. So, basically 2 years. I don't think I had used it since my original purchase.

 

The card you're talking about...are you wanting it to be closed? If not, just use it for a tiny amount. If you do want it closed, why don't you close it yourself so that you don't get the tag "closed by credit grantor"? I know that statement doesn't affect FICO scoring, but I certainly wish I had closed my unused accounts myself.

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Re: Shortest Time for Inactive Credit Card being closed?


LynetteM wrote:

Mine actually took longer than I expected. I opened Old Navy in Dec. of 2006, and Old Navy closed it in January of 2009. So, basically 2 years. I don't think I had used it since my original purchase.

 

The card you're talking about...are you wanting it to be closed? If not, just use it for a tiny amount. If you do want it closed, why don't you close it yourself so that you don't get the tag "closed by credit grantor"? I know that statement doesn't affect FICO scoring, but I certainly wish I had closed my unused accounts myself.


 

No, I'm not trying to close an account, but keep it open. I know just use it every now and then, but I'm just curious to see how long certain cards can stay open. I guess this thread should be mostly concerning store cards. I mean i dont want to walk in best buy every month just to put a coke on it if I dont have to, instead maybe every three months or so. The only card I know is that KAY will close after 2 years of no use, was told this by a rep, which makes since because there is really anything cheap they sell besides jewelry cleaner which is what I purchase once a year from them unless i plan on getting g/f something.

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Senior Contributor
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Re: Shortest Time for Inactive Credit Card being closed?

Store cards usually can go much longer inactive than a major card.

 

Major cards generally need some use every 2-3 months.  While you may go longer, you are taking a chance going longer on the major.  Store cards usually are okay with use 1-2x per year (watch for the after sales and closeouts).

 

The other factor for use is that CC's (majors) tend to track patterns and habits.  So when you little use or never use, you kind of put yourself in a situation that if/when you decide to start using it, you may find it triggers some type of review, AA, etc.

 

 

 

 

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Re: Shortest Time for Inactive Credit Card being closed?

I went months and years at a time without using my Capital One and Target card.  They both my oldest card and is still open.  Since the credit market is a little shaky now, I now make regular charges to prohibit closure of the accounts.  
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Re: Shortest Time for Inactive Credit Card being closed?

Anyone had there HSBC Best Buy card dropped?


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Registered: ‎02-21-2009
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Re: Shortest Time for Inactive Credit Card being closed?


Kylan1234 wrote:

Anyone had there HSBC Best Buy card dropped?


No, but my HSBC Saks card dropped after being inactive for six months.

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Registered: ‎04-19-2009
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Re: Shortest Time for Inactive Credit Card being closed?


Kylan1234 wrote:

Anyone had there HSBC Best Buy card dropped?


There are many reports of people having their BB account closed for disuse including one that was quite recently posted here. Don't mess around with HSBC. They do not like disuse!

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Registered: ‎06-30-2007
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Re: Shortest Time for Inactive Credit Card being closed?

I have heard rumors that HSbc shut cards after 3 months
People say "Only apply for credit you NEED"

I say "apply for credit you have PRATICAL use of"

I don't have AMEX card because I don't want a card that suffers from PMS
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Re: Shortest Time for Inactive Credit Card being closed?

I had one that would be closed if I did not use it once a year.

 

And the real CCs I want to keep open I used every month (either routine bills or charitable donations).  That keeps them ticking over and I know how much will be spent every month

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