When is the best time to close a card?

[Anonymous]

My amex is the same way. Only allows notifications for purchases exceeding $10. 

[GatorGuy]

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@HeavenOhio wrote:

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@GatorGuy wrote:

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@Anonymous wrote:

I check all of my accounts every week because I'm neurotic about things like this. IThe cards I may end up eventually closing don't have the same type of alerts as other cards, if they do then I haven't figured it out yet.  

I was just wondering if it would be more beneficial to show two or more years payment history vs 6 months when the account is closed. 

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Pretty much every card allows you to go and set up a charge alert. I have it set up to text me any time one of my cards is used. Prevents me from having to check them all the time. Ironically Amex only allows you to be notified on charges more than $10. Kind of stupid since many times when a card info is stolen they test for small transactions.

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@GatorGuy, my AMEX card notifies me of every transaction. I wonder why our experiences are different.

My LL Bean MasterCard from Citi doesn't offer notifications. That's something I'll definitely check on if I decide to apply for a new card. If I can't get notifications, I won't apply for the card.

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Where did you set up your alerts at? App or online?

[FormerCollegeDJ]

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@Anonymous wrote:

I'm not overly concerned with the age of the cards. Both are new accounts. I have 14 new accounts, yes you read that right. 14, thanks to impulse control issues with mailers.

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LOL, lots of people on here put that number way to shame.  I have 12 currently open credit cards and I'm a relative minnow on FICO Forums in that regard, LOL.

I concur with what a few other people have said - go ahead and not use the cards/put them in a drawer and let the issuer close the cards once they decide your lack of use is reason enough to close them.  As long as there are $0 balances on those cards, there's no real harm to you.