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Contributor
williamd1972
Posts: 88
Registered: ‎05-22-2007

What are the consequences?

I havent used my sears cards in 10 months, but Im planing on using my card in the next few days. My question is, will my scores take hit when I use my card?
Established Contributor
YoungEntrepeneur
Posts: 586
Registered: ‎03-03-2009

Re: What are the consequences?

No it won't. If you don't use the card soon, Citi will close the account for inactivity and it will show up as closed by grantor on your reports. That's not what you want to see.
Contributor
Eiso
Posts: 123
Registered: ‎03-29-2009

Re: What are the consequences?

Oh really? Ouch...I have a Macy's Card with $500 limit applied LONG LONG TIME ago and I haven't used it even once. What should I do?
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FICO pulled by loan officer on 8/3/2009
EQ: 724
EX: 740
TU: 742
Established Contributor
Posts: 513
Registered: ‎04-03-2007

Re: What are the consequences?


Eiso wrote:
Oh really? Ouch...I have a Macy's Card with $500 limit applied LONG LONG TIME ago and I haven't used it even once. What should I do?

 

Use it.
Contributor
Eiso
Posts: 123
Registered: ‎03-29-2009

Re: What are the consequences?


CreditAble wrote:

Eiso wrote:
Oh really? Ouch...I have a Macy's Card with $500 limit applied LONG LONG TIME ago and I haven't used it even once. What should I do?

 

Use it.

I've never even received the card.I cant use it every month?! I dont buy things from Macy's that much, maybe once a year?!

-----------------------------------------------------
FICO pulled by loan officer on 8/3/2009
EQ: 724
EX: 740
TU: 742
Established Contributor
Posts: 513
Registered: ‎04-03-2007

Re: What are the consequences?


Eiso wrote:
I've never even received the card.I cant use it every month?! I dont buy things from Macy's that much, maybe once a year?!

Call the contact number that appears on your credit report and ask them to send you a card.

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Community Leader
Epic Contributor
haulingthescoreup
Posts: 28,115
Registered: ‎04-01-2007

Re: What are the consequences?


williamd1972 wrote:
I havent used my sears cards in 10 months, but Im planing on using my card in the next few days. My question is, will my scores take hit when I use my card?

If you let the charge appear on your statement, you will get a one-time score ding of somewhere around 5 points for an inactive account reporting. The ding will be gone the next month.

If you use the card but pay it off online before your statement date, your scores should not react.
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007

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