topic Does AMEX close your account for non or low usage? in Credit Cards

Does AMEX close your account for non or low usage?

jasonkm1 — Mon, 30 May 2016 07:53:15 GMT

Would they cancel my Platinum card if I hardly put anything on it? I figure since I'm paying the $450/year, it shouldn't matter but I wonder about this. I put all my spend on better rewards cards like the Sapphire for UR or Citi Premier for TY points. The only reason I got the platinum is I travel a lot for my job and visit the Centurion lounges on average 8-10 times a month so it's worth the $250 I'm paying for the card, after the $200 credit I get for airline fees. Anyone here heard of cards getting closed by the issuer for low usage even though their collecting an annual fee?

Re: Does AMEX close your account for non or low usage?

ScoreOrBeScored — Mon, 30 May 2016 08:25:51 GMT

low useage - NO

no useage - YES (as any lender would)

if you have a card you'd like to keep, just swipe it every 3-6 months and that will solve your concern.

this is basic CC rules and doesn't require any thinking. If you want it open, swipe it.... If not, don't use it or close it.

Re: Does AMEX close your account for non or low usage?

RonM21 — Mon, 30 May 2016 12:18:51 GMT

@ScoreOrBeScored wrote:
low useage - NO
no useage - YES (as any lender would)

if you have a card you'd like to keep, just swipe it every 3-6 months and that will solve your concern.

this is basic CC rules and doesn't require any thinking. If you want it open, swipe it.... If not, don't use it or close it.

Re: Does AMEX close your account for non or low usage?

takeshi74 — Mon, 30 May 2016 13:09:56 GMT

@jasonkm1 wrote:
Anyone here heard of cards getting closed by the issuer for low usage even though their collecting an annual fee?

Yes but AmEx will not. Don't rely on braod sweeping assumptions like that based solely on AF. THe AF doesn't tell you anything than the fee you'll pay each year. Also don't just collect random anecdotal evidence to determine how a specific creditor will repsond. If you want to determine if a creditor will close an account due to inactivity then contact the creditor to verify their policy on the matter.

@ScoreOrBeScored wrote:
if you have a card you'd like to keep, just swipe it every 3-6 months and that will solve your concern.

this is basic CC rules and doesn't require any thinking. If you want it open, swipe it.... If not, don't use it or close it.

Always think, verify, etc. I have cards that do not require usage every 3-6 months. Verify each your creditors' policy on account closure and ensure that you're meeting the minimum activity requirement if there is one. Don't just assume or call your assumption a rule.

Re: Does AMEX close your account for non or low usage?

Anonymous — Mon, 30 May 2016 13:05:56 GMT

@ScoreOrBeScored wrote:
low useage - NO
no useage - YES (as any lender would)

if you have a card you'd like to keep, just swipe it every 3-6 months and that will solve your concern.

this is basic CC rules and doesn't require any thinking. If you want it open, swipe it.... If not, don't use it or close it.

I think that is far too broad. Certainly cards with (substantial) AFs are much less prone to closure, the issuer is getting money from the AF so swipe fees are less of a consideration. And issuers really vary. I didn't use an Amex or Cap One for 4+ years and they stayed open. Other issuers would close within a year.

Re: Does AMEX close your account for non or low usage?

mongstradamus — Mon, 30 May 2016 15:28:49 GMT

@Anonymous wrote:
@ScoreOrBeScored wrote:
low useage - NO
no useage - YES (as any lender would)

if you have a card you'd like to keep, just swipe it every 3-6 months and that will solve your concern.

this is basic CC rules and doesn't require any thinking. If you want it open, swipe it.... If not, don't use it or close it.
I think that is far too broad. Certainly cards with (substantial) AFs are much less prone to closure, the issuer is getting money from the AF so swipe fees are less of a consideration. And issuers really vary. I didn't use an Amex or Cap One for 4+ years and they stayed open. Other issuers would close within a year.

From my experience they don't really CLD or close accounts for non usage. I have an BCE i haven't used in about 3 years that they still have open with same CL . I don't know if they haven't cld or closed it because i have two other amex cards or not.

Re: Does AMEX close your account for non or low usage?

ScoreOrBeScored — Mon, 30 May 2016 19:45:58 GMT

@takeshi74 wrote:
@jasonkm1 wrote:
Anyone here heard of cards getting closed by the issuer for low usage even though their collecting an annual fee?
Yes but AmEx will not. Don't rely on braod sweeping assumptions like that based solely on AF. THe AF doesn't tell you anything than the fee you'll pay each year. Also don't just collect random anecdotal evidence to determine how a specific creditor will repsond. If you want to determine if a creditor will close an account due to inactivity then contact the creditor to verify their policy on the matter.

@ScoreOrBeScored wrote:
if you have a card you'd like to keep, just swipe it every 3-6 months and that will solve your concern.

this is basic CC rules and doesn't require any thinking. If you want it open, swipe it.... If not, don't use it or close it.
Always think, verify, etc. I have cards that do not require usage every 3-6 months. Verify each your creditors' policy on account closure and ensure that you're meeting the minimum activity requirement if there is one. Don't just assume or call your assumption a rule.

I simply said to swipe the card so there want be any worries about closure.3-6 months will keep you on the safe side. If OP wants to stress over it... Feel

free. Best way to keep this short and simple.

Re: Does AMEX close your account for non or low usage?

Anonymous — Mon, 30 May 2016 19:53:51 GMT

@ScoreOrBeScored wrote:
@takeshi74 wrote:
@jasonkm1 wrote:
Anyone here heard of cards getting closed by the issuer for low usage even though their collecting an annual fee?
Yes but AmEx will not. Don't rely on braod sweeping assumptions like that based solely on AF. THe AF doesn't tell you anything than the fee you'll pay each year. Also don't just collect random anecdotal evidence to determine how a specific creditor will repsond. If you want to determine if a creditor will close an account due to inactivity then contact the creditor to verify their policy on the matter.

@ScoreOrBeScored wrote:
if you have a card you'd like to keep, just swipe it every 3-6 months and that will solve your concern.

this is basic CC rules and doesn't require any thinking. If you want it open, swipe it.... If not, don't use it or close it.
Always think, verify, etc. I have cards that do not require usage every 3-6 months. Verify each your creditors' policy on account closure and ensure that you're meeting the minimum activity requirement if there is one. Don't just assume or call your assumption a rule.
I simply said to swipe the card so there want be any worries about closure.3-6 months will keep you on the safe side. If OP wants to stress over it... Feel
free. Best way to keep this short and simple.

The question asked about Amex, and they do not seem to have any such "rule". So, equally, why not say "Use daily". Once you say "basic CC rules" that makes it sound more universal than it in fact is.

Re: Does AMEX close your account for non or low usage?

ScoreOrBeScored — Mon, 30 May 2016 21:05:58 GMT

@Anonymous wrote:
@ScoreOrBeScored wrote:
@takeshi74 wrote:
@jasonkm1 wrote:
Anyone here heard of cards getting closed by the issuer for low usage even though their collecting an annual fee?
Yes but AmEx will not. Don't rely on braod sweeping assumptions like that based solely on AF. THe AF doesn't tell you anything than the fee you'll pay each year. Also don't just collect random anecdotal evidence to determine how a specific creditor will repsond. If you want to determine if a creditor will close an account due to inactivity then contact the creditor to verify their policy on the matter.

@ScoreOrBeScored wrote:
if you have a card you'd like to keep, just swipe it every 3-6 months and that will solve your concern.

this is basic CC rules and doesn't require any thinking. If you want it open, swipe it.... If not, don't use it or close it.
Always think, verify, etc. I have cards that do not require usage every 3-6 months. Verify each your creditors' policy on account closure and ensure that you're meeting the minimum activity requirement if there is one. Don't just assume or call your assumption a rule.
I simply said to swipe the card so there want be any worries about closure.3-6 months will keep you on the safe side. If OP wants to stress over it... Feel
free. Best way to keep this short and simple.
The question asked about Amex, and they do not seem to have any such "rule". So, equally, why not say "Use daily". Once you say "basic CC rules" that makes it sound more universal than it in fact is.

I didn't say use daily as OP don't seem too interested in using this card as a daily spender....that's why I said. 3-6 months.

Next question PLEASE

Re: Does AMEX close your account for non or low usage?

Anonymous — Mon, 30 May 2016 21:08:09 GMT

hopefully the sharks score and the penguins be scored

Re: Does AMEX close your account for non or low usage?

jasonkm1 — Mon, 30 May 2016 22:50:20 GMT

Thanks for the replies, good to hear nobody heard of them closing accounts for low usage. I should've clarified in my post I really meant low usage, not no usage at all. I do charge my Spotify monthly charge on it, and the $200 in airline fees so I can get the credit every year. Since I get the $200 back, I'm basically only charging around $10/month. I also have the Delta Amex that hardly gets any use but decided to keep it open since it's backdated and my oldests card by 15 years, and since I do fly Delta several times a year I think i'm at least breaking even on this card.