CHASE is CLOSING my Credit Card for lack of use

[Creditaddict]

why don't you call and ask to move the $7000 credit line over to 1 or both of your other 2 chase cards that it sounds like you do use and close out this one you don't use... Chase consolidates with a sp very easily and quickly over the phone.

[Anonymous]

They were generous to have allowed you for two years. Some issuers close your cards after a few months.
Credit karma offers vantage 3.0 scores which are completely useless.

[LacyLiz]

Thank you for your comments. I would not have thought to ask to move the credit without them.

[Platinum]

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@Anonymous wrote:
They were generous to have allowed you for two years. Some issuers close yours cards after a few months.
Credit karma offer vantage 3.0 scores which are completely useless.

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Agree. Chase is very tolerant in my opinion. Others will close much sooner.

[medo]

When I suspect that I won't have use for a Chase card, I am very quick to move the CL to a new card. I've done it twice so far with no issues.  Take advantage of Chase's flexibility.  

[Anonymous]

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@onstar wrote:

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@Anonymous wrote:

Edit to add - to prevent this from happening with any credit card you need to show some periodic use.  The easiest way is to set it to charge some small monthly bill and then set up autopay.

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Or annual?

My AAA Visa card is used to pay the annual AAA fees only.

My Amazon Visa card is used to pay the annual Prime fees only.

Maybe I should make it a habit of using ALL my cards for a $10 purchase every 6 months.

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Each creditor is different but I would try to put some charge on it at least every six months.  A year might be pushing it.

[Anonymous]

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@LacyLiz wrote:

Can Chase close my credit card or reduce my credit limit because I havent used it in two years?  I have a zero balance and my Credit Karma scores are 802 Trans Union and 806 Equifax.  I do have two other Chase Credit Cards that I pay 100% each month, but the one they want to close is my largest credit available at $7000 which I would use in case of an emergency.  They state in their letter that I can call them to reevaluate my options but I am waiting on an $1,867 credit to show up on my credit report before I call them.  I have two months before the card expires.  They say using the card will not stop it from closing either.  Will the closing of the card lower my credit score when it was their choice and not mine.  I have heard that closing old unused accounts can actually help but I want this card.  I do not keep balances on any card unless its a zero interest offer over time and then its paid off before the offer expires.  Please advise!! 

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YES, they can - not just Chase but any creditor/bank can shut the spigot off if you don't use their card. In those 2 years, you should have put some candy or movie tickets on it from time to time. Now, they look at you and say "hey! this dude is not using the credit line we gave him!! Off with his head and close down his card!"  Next, they will look at all the happy-peppy people out there in credit card land (ahem, peeps from here on MyFico) and would be MORE THAN HAPPY  to give your CL to the lucky "I Approved for Chase Card!!!" quote. Banks want you to swipe and pay interest and or AFs. They don't want their card collecting dust bunnies. In other words, USE IT OR LOSE IT.

So, in July when you read here that someone just got approved with a Chase Card and a SL of $7k or more and is jumping for joy. . . guess what "what they giveth, they take away" that takeaway was your CL. 

[SunriseEarth]

Two years is a generous amount of time for them to leave the account open due to inactivity.   I also recommend reallocating the CL to your other Chase cards.

For those who SD cards, members here typically recommend making a small charge every few months to keep the accounts active if you want to keep that TL.  

[uswala]

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@Creditaddict wrote:

why don't you call and ask to move the $7000 credit line over to 1 or both of your other 2 chase cards that it sounds like you do use and close out this one you don't use... Chase consolidates with a sp very easily and quickly over the phone.

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+1

If that $7000 buffer is forcing you to keep that card open then better move your credit line over to your other Chase cards and let them close this card.

[Imperfectfuture]

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@Anonymous wrote:

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@LacyLiz wrote:

Can Chase close my credit card or reduce my credit limit because I havent used it in two years?  I have a zero balance and my Credit Karma scores are 802 Trans Union and 806 Equifax.  I do have two other Chase Credit Cards that I pay 100% each month, but the one they want to close is my largest credit available at $7000 which I would use in case of an emergency.  They state in their letter that I can call them to reevaluate my options but I am waiting on an $1,867 credit to show up on my credit report before I call them.  I have two months before the card expires.  They say using the card will not stop it from closing either.  Will the closing of the card lower my credit score when it was their choice and not mine.  I have heard that closing old unused accounts can actually help but I want this card.  I do not keep balances on any card unless its a zero interest offer over time and then its paid off before the offer expires.  Please advise!! 

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They certainly can  close the card or reduce your limit for just about any reason.  If it does get closed it will not hurt your credit score unless it dramatically affects your utilization.  What you need to do is call them and discuss the situation.  Don't wait, do it now.

Edit to add - to prevent this from happening with any credit card you need to show some periodic use.  The easiest way is to set it to charge some small monthly bill and then set up autopay.

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This, this, this.  My CU card is only 1500, but is oldest card, fixed rate that can be lowered, no ftf nor cash advance fees.  The rewards are lackluster at best.  But it gets pulled out once a month for a 2 coffee.  Will I get a cli?  Probably not for many years.  But as it stands, it's my best emergency card to have.  PS, they offer almost the entire amount available for cash withdrawal.