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Unused credit ding and Amex charge cards..

Established Contributor

Unused credit ding and Amex charge cards..

Hey fellas, just wanna know if I'd be dinged if I didnt use my Amex charge card for over 6 months. I do see a score drop if i keep one of my revolvers inactive for 6 months though. Thanks in advance!

Message 1 of 7
6 REPLIES
Established Contributor

Re: Unused credit ding and Amex charge cards..

This thread is awefully deserted...Talk about darth vader super bowl ad then?

Message 2 of 7
Established Contributor

Re: Unused credit ding and Amex charge cards..

Many people here on the boards report that if they have no revolving trade lines (credit and card cards) reporting a balance at the end of the month that they see a small score decline. The common advice that others offer is to maintain a reported utilization between 1% and 9%.

 

I hope that helps.

 

Message 3 of 7
Established Contributor

Re: Unused credit ding and Amex charge cards..

I was more like referring to the ding that you get if any of your revolver hits 6 months of continuous inactivity. I wanna know if the same thing applies to amex charge cards too. I hope i made myself clear this time...

Message 4 of 7
Highlighted
Valued Member

Re: Unused credit ding and Amex charge cards..

I recently used an AmEx card that I had not used for several months - possibly six.  I had been told by friends to use a card at least once a year to keep it active.  That $27 charge caused a 10-point drop in my FICO score.  Apparently one must use cards much more frequently.

 

 


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Message 5 of 7
Moderator Emeritus

Re: Unused credit ding and Amex charge cards..


DD60 wrote:

I recently used an AmEx card that I had not used for several months - possibly six.  I had been told by friends to use a card at least once a year to keep it active.  That $27 charge caused a 10-point drop in my FICO score.  Apparently one must use cards much more frequently.

 

 


You don't have to let a charge report in order to show activity. Buy something small and then PIF as soon as the charges hits the account and before the statement posts.

 

 

 

From a BK years ago to:
EX - 9/09 pulled by lender 802, EQ - 10/10-813, TU - 10/10-774

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

Message 6 of 7
Established Contributor

Re: Unused credit ding and Amex charge cards..

@DD60 & @MARINE

 

Finally, the kind of answer I wanted to hear. Thanks guys!

Message 7 of 7