topic Re: Comenity: Use it or lose it! in Credit Cards

Comenity: Use it or lose it!

B335is — Fri, 29 Apr 2016 04:10:30 GMT

Comenity sent me a letter today reminding me how it's been awhile since I've used my Sportsmans Guide Visa. The letter went on to state if I don't use my acct within 90 days it will be closed. I thought it had been six months, but it's actually been closer to ten months. Time to cycle my cards again! With all the flack Comenity takes (rightfully or not), I take it as a nice gesture on their behalf. Has anyone else gotten a letter like this from them?

Re: Comenity: Use it or lose it!

score_building — Fri, 29 Apr 2016 04:34:14 GMT

Nice, rare to get this type of courtesy notice from an issuer if not mistaken, haven't let cards go dormant for long stretches so far but would appreciate a heads up before an unplanned closure by issuer. I've seen a couple of posts from others who have received a similar notice from Comenity. Now go put that card to work B335is!

Re: Comenity: Use it or lose it!

Anonymous — Fri, 29 Apr 2016 04:39:27 GMT

I used mine today, got the bug zapper light bulb. I did a search and could not find anyone else who sells the same exact thing, kind of funky.

Re: Comenity: Use it or lose it!

Anonymous — Fri, 29 Apr 2016 04:39:37 GMT

Yikes! I guess I better cycle mine as well. I know I'm am over 6 months on each of my Comenity cards since I used them last. I haven't gotten a letter from them yet, but I'd prefer to stay off their radar so I'll cycle them real quick. Thanks for the heads up!

Re: Comenity: Use it or lose it!

Anonymous — Fri, 29 Apr 2016 12:05:00 GMT

I use each of my Comenity cards for a small purchase every month because of the crazy way Comenity has been acting towards others. Best to stay off the Comenity radar whenever possible.

In 2017 I plan to close my two Comenity Visa cards because Comenity is not very professional nor predictable. Plus, I'm tired of looking over my shoulder when it comes to them.

Thank you for letting us know, B. This is helpful.

Re: Comenity: Use it or lose it!

creditguy — Fri, 29 Apr 2016 06:06:45 GMT

That is a nice gesture indeed, but their good gestures seem to be dwarfed by abrupt out of the blue closures. Nonetheless I'm glad they gave you a heads up.

Re: Comenity: Use it or lose it!

Anonymous — Fri, 29 Apr 2016 11:29:25 GMT

Back before I cared about credit, my Comenity card was the only one I had. I have let this card go with no activity for more than 4 years with no AA. I just realized in Feb. that it had been about 10 months since I used it, so I ended up buying a small gift card on it just to show some activity. I'll probably do that every six months or so.

Re: Comenity: Use it or lose it!

kdm31091 — Fri, 29 Apr 2016 12:48:24 GMT

For me, I'm not a big fan of using cards just to keep them alive unless they are really "important" (maybe your very oldest account or something). But once you have plenty of decent cards, the ones you never use should be candidates for closure, IMO. If you haven't used a card in so long that they're mailing a letter about it, you probably don't find it very useful!

Re: Comenity: Use it or lose it!

Anonymous — Fri, 29 Apr 2016 13:45:44 GMT

I just pulled mine out yesterday, charged my $10 lunch to show it some love.

I'm keeping this one open for a while longer until it's a least 1 year old. Losing 2% on a lunch once a month isn't a big deal to keep it open and reporting right now. If it was a store only card, I'd already have it closed.

However, I did try for a CLI and was declined for basically not using the card........

Re: Comenity: Use it or lose it!

B335is — Fri, 29 Apr 2016 14:53:03 GMT

Yeah time to dust it off and make a swipe with it. It can be a pain keeping up with cycling cards just for the sake of keeping them open, so can totally see both sides. I was still surprised at them sending me a reminder.

Re: Comenity: Use it or lose it!

Anonymous — Fri, 29 Apr 2016 15:08:01 GMT

Looks like it's time for more socks for the kids and I

Re: Comenity: Use it or lose it!

Anonymous — Fri, 29 Apr 2016 15:08:56 GMT

I could use more ammo from sportsman. I'll have to see if they've sent me any free shipping offers lately.

Re: Comenity: Use it or lose it!

Anonymous — Fri, 29 Apr 2016 15:38:18 GMT

I ususally receive emails from Ann Taylor stating that "it has been awhile, here is a $25 coupon code for you to use blah blah blah...". same with JCrew; but I closed Jcrew and when reading about all the horror stories about Comenity I decided just to have one comenity card and I kept Ann Taylor. I would hate to receive that letter because I LOVE ann taylor! LOL

Re: Comenity: Use it or lose it!

Anonymous — Fri, 29 Apr 2016 22:37:32 GMT

I got a letter from Key Bank last week that they're going to cancel my debit card because I haven't used it "in a year". Hello? I've had the account over 10 years and I've never used the card.

Re: Comenity: Use it or lose it!

B335is — Fri, 29 Apr 2016 22:52:54 GMT

@Anonymous wrote:
I ususally receive emails from Ann Taylor stating that "it has been awhile, here is a $25 coupon code for you to use blah blah blah...". same with JCrew; but I closed Jcrew and when reading about all the horror stories about Comenity I decided just to have one comenity card and I kept Ann Taylor. I would hate to receive that letter because I LOVE ann taylor! LOL

Yeah I get reminder emails and $25 off coupons or whatever once in awhile, but this was an actual letter. Interestingly, they included my Fico score on the letter.

Re: Comenity: Use it or lose it!

B335is — Fri, 29 Apr 2016 22:53:15 GMT

@Anonymous wrote:
I got a letter from Key Bank last week that they're going to cancel my debit card because I haven't used it "in a year". Hello? I've had the account over 10 years and I've never used the card.

LOL

Re: Comenity: Use it or lose it!

someg33k — Sat, 30 Apr 2016 00:24:03 GMT

I closed all of my Comenity cards except Marathon VISA. Oops I did not send them a nice letter first. My bad

Re: Comenity: Use it or lose it!

taxi818 — Sat, 30 Apr 2016 00:36:13 GMT

@B335is wrote:
Comenity sent me a letter today reminding me how it's been awhile since I've used my Sportsmans Guide Visa. The letter went on to state if I don't use my acct within 90 days it will be closed. I thought it had been six months, but it's actually been closer to ten months. Time to cycle my cards again! With all the flack Comenity takes (rightfully or not), I take it as a nice gesture on their behalf. Has anyone else gotten a letter like this from them?

Ive not gotten a letter but i have a kingsize and a jcrew that i don't want to lose. Actually i don't care about the Kingsize. But jcrew is 10k. time to get some socks or other items. Also an overstock.

Re: Comenity: Use it or lose it!

B335is — Sat, 30 Apr 2016 01:35:18 GMT

There might be different dormancy limitations for the store cards and the Visa/MC. When I spoke to a CSR this morning she said its 15 months, but I usually take Comenity CSR with a big grain of salt.

Re: Comenity: Use it or lose it!

Anonymous — Sat, 30 Apr 2016 17:57:51 GMT

So are you guys just "spending" money on things you dont really need to keep them open? Sounds like it's not worth it to me. I have one Comenity card and that's for Victoria Secret should they send me a letter saying if I don't use it, I'll lose it then they can have the card back! I refuse to spend money just to spend money or trying to keep an account open. I don't know about others but I like to stick to my budget and save my money. My cards are just there so I can earn cash back, rewards and stuff.