Reply
Contributor
Posts: 88
Registered: ‎05-22-2007
0

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
Posts: 586
Registered: ‎03-03-2009
0

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
Posts: 123
Registered: ‎03-29-2009
0

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?
-----------------------------------------------------
FICO pulled by loan officer on 8/3/2009
EQ: 724
EX: 740
TU: 742
Established Contributor
Posts: 513
Registered: ‎04-03-2007
0

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
Posts: 123
Registered: ‎03-29-2009
0

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
0

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.

Moderator Emerita
Community Leader
Epic Contributor
Posts: 28,098
Registered: ‎04-01-2007
0

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

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.