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Hey guys!
Does anyone know which credit card issuers are known to shut people down for inactivity?
How much time of inactivity does it usually take until I get shut down?
Does using my card every 6 months solve this problem?
Does anyone have some more important or interesting information about this topic?
Please share!
@AllZero wrote:
Too vague a question per lender. Don't know your lender, lender specific. 6 month usage interval may prevent closure for inactivity.
I'm asking if there are any issuers that are known for shuti.g people down due to inactivity?
If you're not aware of any, then that's the answer!
Thanks abyway😀
@folks19 wrote:
@AllZero wrote:
Too vague a question per lender. Don't know your lender, lender specific. 6 month usage interval may prevent closure for inactivity.I'm asking if there are any issuers that are known for shuti.g people down due to inactivity?
If you're not aware of any, then that's the answer!
Thanks abyway😀
Actually that's not the answer. There are many lenders that are slashing limits and closing down outright, but it depends on the lender and other aspects of the card and how the user utilizes his/her card. That is why the poster asked what specific lender you were asking about, too broad of a question.
You always use the search feature here, there have been many recent threads regarding this issue. Enter the creditor and closures and you will get many hits.
@folks19 wrote:
@AllZero wrote:
Too vague a question per lender. Don't know your lender, lender specific. 6 month usage interval may prevent closure for inactivity.I'm asking if there are any issuers that are known for shuti.g people down due to inactivity?
If you're not aware of any, then that's the answer!
Thanks abyway😀
I gave your generalized question with a generalized answer.
All card issuers will close accounts for inactivity, eventually.
The exception may be Annual Fee cards, but then you are paying to keep a card open and not using even the basic purchase capability.
Making a purchase every 6 months should help, but for a card at a furniture store, or at a youth-oriented clothing store you eventually outgrow, you may find it hard to find something really useful to buy.
A safe way is to use a card quarterly - spring, summer, fall and winter. I do this with my cards that stay SD unless used for specific reason, for example my Discount Tire card. It's used every three to four years for a large tire purchase, but that's it. In-between those times I pull it out four times a year and get gas or a candy bar at a gas station.
@folks19 wrote:Does anyone know which credit card issuers are known to shut people down for inactivity?
Synchrony, Comenity, Capital One, Citibank, and Discover have all shut me down for inactivity.
What cards do you have? Perhaps we can comment on those individually.
@NRB525 wrote:All card issuers will close accounts for inactivity, eventually.
That's basically the answer I would have given, with the "permitted" period varying between lenders.
And there arelots of issuer-specific caveats as well. For example, at least in the past Amex won't close a card for inactivity if you are using at least one of their other cards. Other issuers focus on each card, if that card hasn't been used for X, it might get closed, even if you are using other cards from that issuer.
@folks19 wrote:Does anyone have some more important or interesting information about this topic?
{ Maybe Interesting }
Have one CU card 25 years old.
At least 12 years with no use, and every 4 years they sent me a new card.
I keep thinking they will close it but they never do
{ Also Interesting, maybe }
I have seen the recommended time frame become lower every year. I remember it used to be about once a year then every 6 months and last year or two some reported problems at about 5 months. The "New" recommended number is every 3-4 months to use your card to be sure to not have a problem.