Non Use Of CC and Automatic Closure...

[Andy77]

In the next few weeks I am going to become debt free...currently I have the following cards

(3) captial one (one was orchard that converted)

(1) barclays apple financing visa

(2) citicards

(1) bofa cash rewards

My question is if I use two cards and PIF will the other banks eventually close the accounts I am not using?

Also, another question...I thought I saw on Equifax something that showed your account balance history, is that correct?  

Thank you

[wHiTeSoL]

Most banks and issuers will close an account following a long inactivity period. You can always pull it out once every few months and buy a candy bar or something to keep it active.

[DigitalArk]

I would just SD them to help with util.

[09Lexie]

Congratulations on paying off your debt! After a period of inactivity, your accounts will. E closed. If you do not use them or need them (util) then let them close or set them up to pay a reoccurring charge.

Yes, EQ shows your account balance/pyt history if the creditor reports the information to them.

[Anonymous]

When I went to the Middle East for 8 months, Capital One never closed my account - YMMV 

Kohls did, but store cards are notorious for this.

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@09Lexie wrote:
...Yes, EQ shows your account balance/pyt history if the creditor reports the information to them.

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This is only the last two years correct? I'm looking at my EQ report, and payment details appear all the way back to September 2011. I hope so, because in 2010 I was making min. payments... that would look bad 

[09Lexie]

@Poki

Yes, the last 24 mos.

[youngandcreditwrthy]

They usually wont close it unless you go like two or more years w no use.
Good rule of thumb imo: use every account you have at least once every 6 months, even if it's just a small purchase- say a candy bar or energy drink. Lol :-)

[mongstradamus]

Sounds like an good idea. Was wondering what to do with my Walmart card which I got only for the free fico score lol