Cap One Sock

[Anonymous]

So I've heard that Cap One doesn't usually close accounts for inactivity. Is this true? With my recent spree I have no real use for my Journey card anymore except for AAoA (it is my oldest credit line). I could always run a small amount through it each month but was curious if I need to. If I just stow it away and use it maybe once a year am I good?

[Anonymous]

Closing the account will not lower your AAoA since Fico scoring includes closed accounts in the formula.

[Anonymous]

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@Anonymous wrote:

So I've heard that Cap One doesn't usually close accounts for inactivity. Is this true? With my recent spree I have no real use for my Journey card anymore except for AAoA (it is my oldest credit line). I could always run a small amount through it each month but was curious if I need to. If I just stow it away and use it maybe once a year am I good?

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You should be fine.. I have an old Venture that I haven't used in over 2 years.  It is still open.

[Anonymous]

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@Anonymous wrote:

Closing the account will not lower your AAoA since Fico scoring includes closed accounts in the formula.

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Yes but isn't that only for a certain time then it falls off? If I were to close anything it'd be my stupid Citi Dividend Platinum....

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

So I've heard that Cap One doesn't usually close accounts for inactivity. Is this true? With my recent spree I have no real use for my Journey card anymore except for AAoA (it is my oldest credit line). I could always run a small amount through it each month but was curious if I need to. If I just stow it away and use it maybe once a year am I good?

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You should be fine.. I have an old Venture that I haven't used in over 2 years.  It is still open.

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Thanks! I hope this is the Case as my new Venture and Sallie Mae will probably be my daily cards for the future . I plan on growing my new cards for a LONG time and I just don't want to think about my Journey anymore lol... Also do you think Citi will close my Dividend Platinum Select if I don't use it? I really don't like that card but it got me going along with the Journey in my road to establishing credit. 

[Anonymous]

Yeah, from what I hear you won't get hit with a closed account or CLDs with inactivity. Of course, this may differ for everybody. If you want to play it safe, just go ahead and use it on a stick of gum every 6 months or so. I'm dealing with a similar situation with my Quicksilver card since I have the Double Cash, but I figured out a spending strategy to keep it in my wallet for now.

[Anonymous]

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@Anonymous wrote:

Yeah, from what I hear you won't get hit with a closed account or CLDs with inactivity. Of course, this may differ for everybody. If you want to play it safe, just go ahead and use it on a stick of gum every 6 months or so. I'm dealing with a similar situation with my Quicksilver card since I have the Double Cash, but I figured out a spending strategy to keep it in my wallet for now.

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Yeah I'll probably do that with this and the Citi as I really don't want to carry them around. Thanks for the advice and hopefully I don't forget about them!

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

Closing the account will not lower your AAoA since Fico scoring includes closed accounts in the formula.

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Yes but isn't that only for a certain time then it falls off? If I were to close anything it'd be my stupid Citi Dividend Platinum....

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Up to 10 years, and by then it won't matter.

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

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@Anonymous wrote:

Closing the account will not lower your AAoA since Fico scoring includes closed accounts in the formula.

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Yes but isn't that only for a certain time then it falls off? If I were to close anything it'd be my stupid Citi Dividend Platinum....

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Up to 10 years, and by then it won't matter.

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Seriously??? Lol I don't plan on keeping it THAT long!

[barthooper]

What about a PC to Quicksilver? Probably not much point if Venture/Sallie Mae gets your daily spend anyway though.