Reply
Frequent Contributor
ficojoe
Posts: 310
Registered: ‎07-21-2012
0

Kay Jewelers account solely for the limit on report

I obtained a Kay Jewlers account solely so I could have a revolving account with a decent limit on it reporting.  I was given a $1,000 limit. But, I do not really want to buy anything from them. How should I treat this account so that it will stay open, report, and perhaps even be given CLIs?

Established Contributor
jordanmedical
Posts: 1,011
Registered: ‎04-08-2012
0

Re: Kay Jewelers account solely for the limit on report

They are prone to closing accounts for inactivity so I suggest you atleast purchase every few months even if it's just a small $20 customer appreciation event item.

-Rebuilding with CapOne Cash: $1.5k, NFCU cashRewards $8.5K, NavCheck $5K, Wal-Mart: $1.1K, Sam's: $1.2K, Amazon: $1.9K, Apple Barclay: $3K, Haverty's: $1.5K, GE capital: $5K, Sears: $250(AU), PP MC:$1.5K, CareCredit:$3K (closed 1st home 05/08/13)
Starting Score: 492-TU04, 480-EX FICO V2, 467-EQ Beacon 5 (Via Mortgage PreQual March '12)
Current Score: EX,EQ,TU (lender pull): 652, 659, 689, Walmart TU FICO: 691 (05/13)
Goal Score: 700

Take the FICO Fitness Challenge

Valued Contributor
rootpooty
Posts: 1,747
Registered: ‎10-28-2011
0

Re: Kay Jewelers account solely for the limit on report

do you know which cra they pulled? whats the apr you were offered?  Like jordan mentioned they will close it if there is no activity

NFCU plat 5k | NAVCHECK 5k | NFCU cashrewards 3k | BOFA 123 3k |
Chase Freedom 1.5k | Amazon 1800 | Walmart 1450 | Buckle 300

On the prowl for Chase Sapphire Preferred!
scores 7/14 647 622 630 (85%util)
scores 8/14 767 760 758 Boom! finally in the 700 club

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
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+