Credit card companies close your account due to inactivity?

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Credit card companies close your account due to inactivity?

Postby Robrus1 » Sun Oct 21, 2012 4:54 pm

I have 1 credit card I never use. It's a Capital One Venture (no annual fee one) and it has a 7.5K limit, which is nice. I really only use my Amex Premier Rewards Gold Card and my Chase Sapphire Preferred these days and I really don't plan on ever using the Venture card. Will they close the account if I never use it? Should I put something on it occasionally to keep it open since the fairly high credit limit helps my utilization percentage? I really don't want the account closed due to the generous limit. Any thoughts would be appreciated. Thanks.
Amex Platinum
Amex BCP 21K
Amex SPG 5K
Barclaycard Arrival Plus WEMC 5K
Chase Sapphire Preferred 23.5K
Credit Union 10K
Discover IT 7.75K

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Postby Rory » Sun Oct 21, 2012 5:14 pm

its really up to each lender. I would suggest putting maybe 50$ on the card once or twice a year, but other than that they dont really have anything to lose with you keeping the card. Its a W-W situation considering the potential usage you hold and it certainly helps your Credit Utilization and AAoA's in the meantime. they might drop your limit, but that would only be if they run a check of your score and historical usage of the card. Otherwise youre safe and sound, just keep earning them points elsewhere, where it counts.
Amex Zync - NPSL (Cleared up to 25k)
Amex BCE - 12000 limit
Amex BCP - 4200 limit
FIA Rewards Amex- 3500 limit
Chase Freedom - 2000 limit
Chase Slate - 2000 Limit
BoA Cash Rewards Privileges- 3000 limit
Barclaycard Rewards MC - 3000 limit
Discover IT- 3500 limit
Marriott PR- 5000 limit
21 years old with alot of life to spend ;)
Its not about the ending, its about the journey,
just as long as the ending is just as good :cool:

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Postby DavidNY » Sun Oct 21, 2012 6:36 pm

I have a couple of cards not seeing much use, I plan putting a charge on them every January if they're not otherwise used.

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