Creditors closing inactive accounts.

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Creditors closing inactive accounts.

Postby fffresh » Fri Dec 19, 2008 12:28 pm

It appears creditors are now aggressively closing accounts if you are not using your card. U.S.

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Postby magyar1045 » Fri Dec 19, 2008 3:23 pm

Of course they are - they're not making any money off of people who don't use their cards. No interest, no fees, zilch, nada.

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Postby indianamom » Fri Dec 19, 2008 3:57 pm

I take out my cards every once in a blue moon to use them so they can't do that to me. Wouldn't that be a big no-no on the credit file since they are closed by them instead of you?

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Postby KC95 » Sat Dec 20, 2008 12:56 am

i dont blame em no reason for them to waste money sending out statements and doing accounting for cards that haven't been used. that article said discover closed 3 mil and closing 2 mil more. at the same time kind of stupid they should try and use reward incentives to get them to use their cards again before closing them without notice. i use all my card on a regular basis so no worries for me.

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Postby 1bootcamp » Sun Dec 21, 2008 1:37 pm

I have a Citi credit card that they closed not too long ago on me. I haven't used it for years but that's their fault because they completely changed the card. It was the Citi Dividend card that use to give 5% cashback on groceries, gas, and pharamcies and now it only gives 2% back in those places.

What do they expect us to keep using their card when they cut the benefits on us 60%? I don't think so buddy.

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Postby Cucumber » Mon Dec 22, 2008 10:33 am

Don't credit card companies got to spend a lot in advertising to recruit new members?? :eek: Instead of canceling cards w/o notice what they should be doing is giving incentives to try and get the cardholders to come back and start using their credit cards again.

I know if Citi offered to doubly my points on gas / grocery stores /drugstores from the cheap 2% to 4% I would come back and probably use the card.
Stop talking crap about him!

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