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