Greetings, all. I just wanted to see if there was a list out there with data points giving a good idea of which cards / card issuers close due to lack of activity, and what timeframe people have seen in general. Does something like that exist? Maybe we can create a working file as a forum to have for reference.
I only ask because I have a JCPenney card which I don't really plan on using much, if at all, but it has a $5k limit, so I don't want it to close randomly on me. I also have a Kay Jewelers line of credit which I don't ever really plan on using, but it's one of my older trade lines and I would hate for it to close.
Anyone have any ideas? What has your experience been like? Are certain issuers - e.g. Synchrony, GE Capital - more likely to close your card due to inactivity? Share any and all details here!
Over time the data has been all over the map so I don't think there will be much correlation: some have gone years without using, others not so much.
If you care about the tradeline enough to worry about it, put a silly charge on it every six months or what not honestly; if you don't intend to use it (as is the case with far too many tradelines I see people open up on this forum, and I'm guilty of opening tradelines and then missing the use case too) then if they close it they close it or be proactive and consider closing it yourself... it's just not that hard to get tradelines you will use.
@Revelate wrote:Over time the data has been all over the map so I don't think there will be much correlation: some have gone years without using, others not so much.
If you care about the tradeline enough to worry about it, put a silly charge on it every six months or what not honestly; if you don't intend to use it (as is the case with far too many tradelines I see people open up on this forum, and I'm guilty of opening tradelines and then missing the use case too) then if they close it they close it or be proactive and consider closing it yourself... it's just not that hard to get tradelines you will use.
The thing is, for example on my Kay Jewelers line, that some of these accounts are really helping my AAoA. And I don't really see what I could buy from Kay other than maybe some diamond earings or something for Christmas, lol. I don't really "shop" there, nor do I intend to... yet it's an older trade line with a nice CL that I would hate to have close or have to close.
@Khalifa_Jayy wrote:
@Revelate wrote:Over time the data has been all over the map so I don't think there will be much correlation: some have gone years without using, others not so much.
If you care about the tradeline enough to worry about it, put a silly charge on it every six months or what not honestly; if you don't intend to use it (as is the case with far too many tradelines I see people open up on this forum, and I'm guilty of opening tradelines and then missing the use case too) then if they close it they close it or be proactive and consider closing it yourself... it's just not that hard to get tradelines you will use.
The thing is, for example on my Kay Jewelers line, that some of these accounts are really helping my AAoA. And I don't really see what I could buy from Kay other than maybe some diamond earings or something for Christmas, lol. I don't really "shop" there, nor do I intend to... yet it's an older trade line with a nice CL that I would hate to have close or have to close.
If keeping a line like Kay open for you is important than buy a charm that costs less than $10 once every 6 months and you'll be fine. As for your AAoA, it would still factor in for 10 years even if it did close.
@Anonymous wrote:
@Khalifa_Jayy wrote:
@Revelate wrote:Over time the data has been all over the map so I don't think there will be much correlation: some have gone years without using, others not so much.
If you care about the tradeline enough to worry about it, put a silly charge on it every six months or what not honestly; if you don't intend to use it (as is the case with far too many tradelines I see people open up on this forum, and I'm guilty of opening tradelines and then missing the use case too) then if they close it they close it or be proactive and consider closing it yourself... it's just not that hard to get tradelines you will use.
The thing is, for example on my Kay Jewelers line, that some of these accounts are really helping my AAoA. And I don't really see what I could buy from Kay other than maybe some diamond earings or something for Christmas, lol. I don't really "shop" there, nor do I intend to... yet it's an older trade line with a nice CL that I would hate to have close or have to close.
If keeping a line like Kay open for you is important than buy a charm that costs less than $10 once every 6 months and you'll be fine. As for your AAoA, it would still factor in for 10 years even if it did close.
+1
Most jewelry stores sell jewelry cleaner... if you don't need it yourself give it to a friend/family member. 