New Visitor
Posts: 597
Registered: ‎01-31-2008
Impact of a c reditor closing account

I'm looking to phase out a couple of cards that have lower limits, or no rewards.  I want to bring them down to 0 and essentially sock-drawer them rather than close them.  Of course, I realize there's a risk that a creditor could close them due to lack of usage (I'm thinking Barclays could do that).  I figure I could help my chances by making 1 or 2 purchases a month and paying off, but still, there's always that chance.  That said, what's the impact of a creditor closing your account with a 0 balance?

Chase Freedom: $1500, Citi Diamond Preferred: $3000, Barclays: $3900, Chase Disney Visa: $1500, Chase Southwest Signature: $5000, Citi TY Preferred: $3000, Cap One Platinum: $1750, Cap One Platinum Rewards: $2500, Orchard Bank: $900, Kay Store Card: $6600, PayPal $2200