I applied for a crown jewelers card today to help increase my credit score. I should be receiving my approval sometime tomorrow by email. I've heard that you have to make a purchase before it reports. I'm having second thoughts about the card and I don't know if I wan't it anymore since you have to make a purchase every six months or they will close the account.
If I never order anything and they close the account, will it show on my report as account closed, being that they never report unless you order something and make a payment. I was trying to get away with it not reporting at all and having them just close the account.
Ive been wondering this, im on my 6th month now and really dont want to order anything else! It kind of like annual fee time, but twice a year instead of once!! At least you get something for it i suppose.. junk.. but something!
The cost of that junk is nothing compared to the cost of not having credit or haveing outrageous interest. This is cheap credit compared to the many super-sub prime cards many people here can only get. This is only meant for people with low scores who can not obtain credit elsewhere.
I was just giving my opinion. My scores were in lhe low 400's not long ago, but I will just wait it out(high 500's now). I finally got several cards, and bought no junk!