Minimum use to keep CL open

For just about anything you want to get off your chest about credit cards.
2 posts
Green Member
Green Member
Posts: 12
Joined: Tue Jun 22, 2010 8:26 pm
Location: Dallas

Minimum use to keep CL open

Postby gangof4 » Sat Jul 10, 2010 8:20 am

This may have been covered elsewhere and I just missed it, but what experiences have people here had with CL's reduced because of non-use? I had a Lowe's credit reduced from $1,200 to $200 because it was not used in a 12 month period, and then took a hard hit on my credit file to restore it to what it was. What about other cards? Must they as a general rule be used once a year to keep the CL's intact? I don't want to close merchant cards or bank cards I don't use regularly because of the "credit used to credit available" factor.

User avatar
Mogul of Pineapples
Centurion Member
Centurion Member
Posts: 1271
Joined: Sun Jun 01, 2008 11:32 pm
Location: Smogland

Postby Mogul of Pineapples » Sat Jul 10, 2010 11:45 pm

The 12 month like what happened with your Lowes card seems to be the typical period before they start charging fees/closing accounts. Some do it after 6 months but those are rare. As a general rule thumb I use all of my cards at least once every 6 months to play it safe. All it takes is one purchase to count as activity on the account.

CL's are another story. All it takes is a purchase to show activity on the account but most bank cards will slash limits if a decent portion of the available credit hasn't been used. This also happens after 6 to 12 months usually. Try and make a purchase of at least 10 to 20% of the CL on each account once every 6 to 9 months so they can't claim non-use.
Last edited by Mogul of Pineapples on Sat Jul 10, 2010 11:50 pm, edited 2 times in total.
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.

Current Cards:
American Express: Blue Cash, Simply Cash Bank of America: WorldPoints Platinum Plus Chase: Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi: Thank You Premier, Dividend Platinum Select Discover: More
Primary Everyday Card: American Express Blue Cash
Primary Travel Card: Chase Sapphire Preferred

Return to “General Credit Card Talk”

Who is online

Users browsing this forum: No registered users and 3 guests