Just wanted to chime in here, but why are you still using the discover card to get by? I'd just stop using the cards altogether for now and use my debit card/checking account for all purchases.
I don’t have any free cash flow for me to be able to stop using Discover. My other CCs that I have are not being used UNLESS it’s a severe emergency (like when I hit a parked car and needed to pay $500 deductible).
Ok, so I’ve decided, thanks to all the advice given, to apply the entire extra $2500 to Barclay. And with snowball method, I will just have 1-2 payments left depending on whatever interest that will accrue. Now, I’ve read that it’s not good to keep a card reporting at $0 for Barclay might close it out due to inactivity. Is this true?
@pi-r-squared wrote:
Ok, so I’ve decided, thanks to all the advice given, to apply the entire extra $2500 to Barclay. And with snowball method, I will just have 1-2 payments left depending on whatever interest that will accrue. Now, I’ve read that it’s not good to keep a card reporting at $0 for Barclay might close it out due to inactivity. Is this true?
You don't need to report a balance, just swipe it every six months and even that may not be necessary; my last Barclays swipe was literally 15 months ago and it's still open, though I should go buy lunch on it today cause sort of want to keep all my revolvers open till can figure out this EQ FICO 5/TU FICO 4 optimization cause I might actually need those scores in the next 6 years.
Thanks for the reminder!
