@Anonymous wrote:
This is interesting. I know that banks are closing accounts because of people who are churning credit cards and doing manfuactured spending so theyre constantly monitoring accounts. They're on their toes from what I have been reading. And they don't like it if you have no balance on your cards, they start to ask questions. Sometimes I charge a few hundred by paying my bills and leaving it there for several of weeks, soemtimes a month just to show them that I am using the card. Not sure how that's working but I've been doing that. haha.
Not sure if the part highlighted in bold is true.
It's understandable that they don't like it if there's no usage on the cards. Clearly, account maintenance has some costs (and the occasional risks) associated with it; lenders don't like it if you just sit on the card without ever using it for any spend.
However, I'm yet to come across a lender who's got some spend on the card but is mad at me because I didn't let it report.
