topic Re: Preventing CLDs in Credit Cards

Preventing CLDs

Mailak — Sun, 02 Sep 2012 22:19:30 GMT

I know the recommendation that we should use our cards once in a while to keep them active. What sort of spending levels do we need to keep the high CLs though? I have a $10k CL on my Discover and I put only $200-300 on it every month. I do have a $1k or so of other spending that I put on my Green and BCP (for either the points or the cash back).

I figured at some point I might buy a laptop and use Discover since they too have a extended warranty plan and get some 5% cashback through their mall. Would it be preferrable for me to run perhaps a laptop and another thousand perhaps one month, just to use that credit once? I would really hate for them to lower the limit due to non-use.

Ideas and advice appreciated!

Re: Preventing CLDs

DVH1980 — Sun, 02 Sep 2012 22:32:41 GMT

I run token amounts on most of my cards(even Barclays) and have not seen any CLD's. Then again I dont have 10k limits either but I dont think it matters as long as there is some use. Im sure others in similar situations with those limits can chime in.

Re: Preventing CLDs

LS2982 — Sun, 02 Sep 2012 22:52:28 GMT

I would think if you run 1k or so through it every other month that should be sufficient.

Re: Preventing CLDs

Mailak — Sun, 02 Sep 2012 22:54:39 GMT

@LS2982 wrote:
I would think if you run 1k or so through it every other month that should be sufficient.

I could do it once or twice a year but I'd rather collect points on my AMEX, ha.

Re: Preventing CLDs

webhopper — Mon, 03 Sep 2012 01:45:18 GMT

I go long stretches without using discover. I have seen no issues so far.

Re: Preventing CLDs

CreditScholar — Mon, 03 Sep 2012 02:10:10 GMT

I can't speak for Discover, but I run $15 a month through my BofA US Airways card and they haven't CLDed me yet. I've never run any money through my other card with them, so it seems that's enough to keep them happy.

Re: Preventing CLDs

Revelate — Mon, 03 Sep 2012 02:12:32 GMT

If for some reason I really wanted the Discover line, I'd occasionally goose it like once a year or something.

That said, I just don't see Discover as a competitve lender in the upper echelons, other than the CL the rewards are the same as you can obtain around FICO 640 these days... Amex is a much better lender in the long run to have a relationship with, and I think I'd do exactly what you're doing: wrapping my arms around them and calling it good.

Re: Preventing CLDs

webhopper — Mon, 03 Sep 2012 02:21:22 GMT

@Revelate wrote:
If for some reason I really wanted the Discover line, I'd occasionally goose it like once a year or something.

That said, I just don't see Discover as a competitve lender in the upper echelons, other than the CL the rewards are the same as you can obtain around FICO 640 these days... Amex is a much better lender in the long run to have a relationship with, and I think I'd do exactly what you're doing: wrapping my arms around them and calling it good.

Agree here. There are a few things I use discover for... when I shop at Sam's club they don't take visa so I use either discover or my husbands mastercard. I used discover travel desk to get 5% cash back on a cruise. I have used the BT before but the fee is high so I haven't done that very often. Other than that discover stays in the sock drawer. I will never close it because its my oldest tradeline and it isn't subprime.