@lakerfan2011 wrote:i have read blogs where poeople have a bunch of cards they closed at one time becuaes you they dont carry a balance so whats the right answer here if you pay in full your screwed if you have a balance your screwed whats the right answer with them
The answer is to always PIF when you can. People that have their TLs closed for non-usage normally let them remain dormant for sometimes years at a time. Use your cards, PIF, and the general rule of thumb to keep them from closing for non-use is to make at least a minimum charge on them once every 6 months or less. You don't need to carry an ongoing balance to keep them open. I understand that you've never had this issue with your Sync cards before, but current times are different than they have been in quite some time, and Sync seems to be taking steps to mitigate everything they deem a risk. Just remember it's not personal, mearly a computer spitting out predictions based on data trends.
@AverageJoesCredit wrote:
@longtimelurker wrote:
@AverageJoesCredit wrote:Better to pif if can to not only avoid interest but not allow debt to accrue. If a lender closes a card and you still have balance you still have to pay or worry how to bt it away.
Agree. And in this case, Sync level interest on $5K must be somewhat significant
Yeah, this was one reason i kept my Stnc cards at 0 at all times, not only if they close the accounts, ive seen first hand, my Dad , what interest can do , especially once it starts snowballing. Sync has some good cards but one has to recognize their apr and avoid that pitfall.
@AverageJoesCredit I don't pay interest, son. 