Store Cards

[Chaos122]

I have a Dell card and a Bestbuy card.  Im about to pay both of them off, but i heard that both Dell and BB are notorious for closing cards when they are inactive for a couple months and i dont plan on using these cards in the near future.

I guess my options are to;

A- Pay the Cards down to about 10% and make small monthly payments on that,

B- Pay the cards off and purchase something every 2-3 months to keep them active ( will be tough for dell, since they dont have low priced stuff)

C- Pay them off and let them be closed  (Wont really affect my Utilization, and dont need them, but wanted to keep them

These are the only 2 store cards i have, i also have 3 credit cards

Im trying to build my credit and want to go with the best option, let me know what you think

[Anonymous]

Just purchase a piece of gum here and there.

BB didn't close my card yet and it has been inactive for 6 months already.

Get this! instead of closing my account BB gave me a CLI for being inactive ( 800 to 1200).

[rubaty]

Use option B...

I have a BB card that I have used once a year for a small purchase the last 8 years and it is still open.

[marty56]

Option B for the BB card, option C for the Dell one.  I recommend Newegg prefered card if you need to by computer stuff.

[Chaos122]

Thanks for the Advice guys, I actually have a newegg preffered account but they dont report to the credit bureau.

Just a follow up question, do higher credit limits help you credit, or is just about utilization?

[Anonymous]

Dell has video games, and other stuff under $50 (or they did a year ago).

[Anonymous]

I would do what is best for YOU and not best for THEM: Pay them off, use them for small amounts if you can. Don't get a headache over it. If they want to close them, they'll do so anyway. Don't give them interest money if you don't have to. Be a responsible miser!

[clocktick]

What kind of Dell card, Dell preferred account (or something along those lines?)?  If so, I let it go for years and only purchase new laptops on it when the time comes for the 0% financing.

[marty56]

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@alberty2k wrote:

Just a follow up question, do higher credit limits help you credit, or is just about utilization?

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Higher CLs don't do anyting for you credit other than lowering your util which always helps you credit score.  They never hurt your scores.

[Anonymous]

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@marty56 wrote:

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Higher CLs don't do anyting for you credit other than lowering your util which always helps you credit score.  They never hurt your scores.

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I agree. CL's aren't scored. It's the percentage of usage of those limits that is scored.

From a BK years ago to:
EX - 9/09 pulled by lender 802, EQ - 10/10-813, TU - 10/10-774

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".