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how long before a card is cancelled for inactivity?

Your FICO® Scores can impact your loan interest rates, terms, approvals and more.
Valued Contributor

Re: how long before a card is cancelled for inactivity?

A never used Finger Hut account can go five years before they will close it.....    Smiley Happy

It is by will alone I set my mind in motion.....
Always follow these rules: Only take a HP for a new account. Always use the best rewards card for that reward category. Don't close a card unless you know you really should. Never use more than 35% of a credit limit. Recon as much and as best you can. Use the introductory period to the best advantage. Get the signup bonus. Whenever possible PIF or balance transfer so you pay less in interest. Never give an excellent rating when it is actually the norm. Always look for a discount as more is always better.
Always accept candy from strangers because they have the best candy or from people you know have good candy.
Message 31 of 37
New Contributor

Re: how long before a card is cancelled for inactivity?

I always call the company after I open a new accountv and ask what their policy is on inactivity. That means my discover and amex info are 2 years / 1 year old respectively but I just called Citi and US Bank today. Here are my notes:

Discover: usually 12 to 18 months, typically mail a 30 day warning before closing
American Express: accounts are automatically reviewed after 13 months, if they decide to close it then you get a notification in the mail it is closed but no advanced warning
US Bank: 3 months of inactivity they close account, no warning
Citi: 2 years will send 1st warning, if no response another letter 26 months, if no response, at 28 months will set to inactive

None of this is real world experience with getting an account actually closed. However it did come from a CSR at the company FWIW.
FICO 08:743 EQ Bankcard from Citi, 764 EX from AmEx, 747 TU from Disc all updated 8/2017

Discover It $8,600 Since 08/2014 // AmEx BCE $23,100 Since 10/2015 // Citi DC $7,000 Since 06/2016 // BoA BBR $1,800 Since 11/2016 // US Bank Cash+ $3,000 Since 11/2016
Message 32 of 37
Frequent Contributor

Re: how long before a card is cancelled for inactivity?


@TiggerDat wrote:

A never used Finger Hut account can go five years before they will close it.....    Smiley Happy


Mine went 10 years before they closed it. Never used as well.

Amex Cash Mag 10K | Amex ED 20K | Amex BCE 14K | 5/3RD SU2C 10K | 5/3RD SU2C 6.5K | Barclays Cash Fwd 6K | Citi® Diamond Preferred 8.3K | Citi® Simplicity 7.4K | Citi® TY 4.5K | Citi® DC 4K | Cap One QS Visa 14.6K | Discover It 18K | Discover Miles 5K | BOA Cash Rew 18K | State Farm Visa 4K | US Bank FlexPerks Select+ AMEX 13K | US Bank Plat 7.5K | US Bank Cash+ 10K | Chase AARP 3.5K | FNBO Rewards 15K | Huntington Voice 6,250K | Huntington Voice Rewards 7.2K | PNC Cash Rewards 7.5K | PNC Core Visa 7.5K | Fidelity Visa Sig 11K | Target MC 9K | BB&T Spectrum 6.5K | BB&T Spectrum 6.5K | BB&T Cash 6.5K | Wal Mart MC 10K | Ebates Visa 10K | Ebay MC10K | Marvel MC 10K | Paypal Credit 2.250K | Scores 4/2019 EX768; TU780; EQ759
Message 33 of 37
Valued Contributor

Re: how long before a card is cancelled for inactivity?

How about capital one ?
PenFed ?
Nfcu ?
Message 34 of 37
Super Contributor

Re: how long before a card is cancelled for inactivity?

Store card (les schwab tires) obtained 2007, paid off shortly. 200 limit, still open, last activity reported 2013.
Signature needs updating
Message 35 of 37
Senior Contributor

Re: how long before a card is cancelled for inactivity?

One important thing to remember about inactivity is that a number of myfico members have reported large CLD's on a card with as little as 4-6 months of inactivity. This has happened with different lenders and none of us really knows the exact time frame nor the threshold for this to happen.

 

It's important to be aware that while your card may not be closed outright, you may receive an unexpected and large CLD if you have a period of inactivity. I use each of my cards monthly for a small purchase to keep internal algorithms humming along smoothly as best I can. Smiley Happy



Favorite Cards : ~ Citi Double Cash World Elite MasterCard ~
~ American Express Blue Cash Preferred ~ Chase Hyatt Visa Signature ~
~ Citi AAdvantage World Elite MasterCard ~ Citi Prestige ~ Alaska Airlines Visa Signature ~ Discover it Miles ~
Message 36 of 37
New Contributor

Re: how long before a card is cancelled for inactivity?

PayPal 

Openedin Sept 2015

Closed Nov.2016

Never used

 

Pier One 

opened Dec 2014

Clos Oct 2016

Used twice

 

Working everyday... to be better and wiser.
Goal: 710-750


Message 37 of 37