Inactivity closures, real?

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14 posts
lexrj
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Inactivity closures, real?

Postby lexrj » Sat Mar 09, 2013 3:04 pm

So I don't want to use my Crap One ever again but also don't want to get it closed since it was my 1st card. Do I really need to keep charging here and there? Any experiences with Cap One inactivity closures?
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Current in my Wallet
Amex BCP - 25K (02/12)
Barclaycard Arrival WMC - 15K (10/13)

Future
US Bank Cash +

Socks drawer
Crap One Quicksilver - 1.7K (04/11)
CSP - 15K (03/13)

Scores
FICO EX 772 / TU 765 / EQ 762 - (09/14)
AAoA 2.1


agp
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Postby agp » Sat Mar 09, 2013 8:39 pm

I know some CU known to charge fees and even close accounts due to inactivity. However, I don't think Capital One will do that. Just use it on a cup of coffee once a year just to be sure. Or call them and tell them you will be out of the country for two years, and ask if you will be penalized for inactivity.

Main Card: Amex Platinum
For gas: Penfed Platinum Cash Rewards
For travel & dining: Chase Sapphire Preferred

s.jessica
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Postby s.jessica » Sat Mar 09, 2013 9:30 pm

Just what is a socket drawer? Does it have a special socket that your crap one card fits in?

Crap one hasn't been known to be very quick to close cards. If it's an annual fee card and you charge $10 once a year, I'm almost positive they won't close it.

MemberSince99
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Postby MemberSince99 » Sun Mar 10, 2013 7:52 am

No a socket drawer is where you keep your sockets, and the credit cards you don't use, the ones you aren't gardening. Hopefully you are watering those wonderful pieces of plastic every day, fawning over them as if they are your children, and you just physically cringe at the thought of a single inquiry in a 2 year span (if not your entire life). Then you are hardcore and ready for MyFICO.

agp
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Postby agp » Sun Mar 10, 2013 8:01 am

I thought the phrase was "sock drawer"?

Main Card: Amex Platinum
For gas: Penfed Platinum Cash Rewards
For travel & dining: Chase Sapphire Preferred

RewardHop
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Postby RewardHop » Sun Mar 10, 2013 1:23 pm

agp wrote:I thought the phrase was "sock drawer"?


Yes it is.
[size=60]
Amex BCE: 3% grocery, 2% gas
Bank of America Better Balance Rewards MC: $25/quarter bonus
Barclaycard Rewards Visa Signature: 2% gas, groceries, utilities
Capital One Quicksilver Visa Signature: 1.5% everything
Chase Freedom Visa Signature: 5% rotating
Citi Forward Visa: 5% restaurants/fastfood, movie theaters, amazon.com
Discover It: 5% rotating
SallieMae MC: 5% Groceries, Gas, Amazon
US Bank Cash+ Visa Signature: 5% electronic stores, restaurants
Sock Drawered: Chase Sapphire, Chase Amazon[/size]

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Calipso
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Postby Calipso » Mon Mar 11, 2013 6:34 pm

I've had 4 citi cards in the past shut down from inactivity. No experience with crap one.

Use it once every six months. /shrug
My Limits:
NFCU NavCheck: $15,000/NFCU Platinum: $11,500/NFCU nRewards: $8,000
Chase Freedom: $6,500/Chase Slate: $6,000/CSP: $5,000/Marriott Rewards Primier: $5,000/United MileagePlus Explorer: $5,000/Southwest Primier: $3,000
Citi Hilton HHonors: $9,700/Citi Simplicity: $8,200/Citi Forward: $5,500
AMEX Blue Cash Everyday: $8,000/SPG AMEX: $5,000/AMEX Everyday: $5,000/AMEX Delta Skymiles Platinum: $3,400
Discover IT: $7,700
Barclay's NFL Extra Points (Carolina Panthers): $5,000
DCU Platinum: $3,000
RTN FCU CC: $2,000
CCCU Platinum Rewards Visa: $2,000

Current total limit: $129,500

Robrus1
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Postby Robrus1 » Tue Mar 12, 2013 8:51 am

I had a Bank of America card closed after 4-5 months of inactivity, without notice, which I don't care for. Tell me, so I don't try to use the card later, you know? I have a Capital One card that I have not ever used, and it's still open. Looking back, I'm not sure why I ever applied for it, but I'll leave it open for utilization.
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

Sevenfeet
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Postby Sevenfeet » Tue Mar 12, 2013 9:38 am

Robrus1 wrote:I had a Bank of America card closed after 4-5 months of inactivity, without notice, which I don't care for. Tell me, so I don't try to use the card later, you know? I have a Capital One card that I have not ever used, and it's still open. Looking back, I'm not sure why I ever applied for it, but I'll leave it open for utilization.


And this is why that when I got my Fidelity Amex, Amex BCP and Penfed PRV cards recently, I'm still making arrangements to have a regular monthly payment show up every month on my BofA Cash Reward card. The BofA card's best deals have all been superceeded by other cards, but a regular monthly payment combined with the occasional payment we can't make through Amex will at least give this card some life, and keep a $20K CL intact.
Cards:
American Express Platinum (NPSL)
Penfed Platinum Reward Visa ($28K)
Chase Freedom Visa ($25K)
Fidelity American Express ($20K)
American Express Blue Cash Preferred ($20K)
Bank of America Cash Rewards MasterCard ($20K)
Citi Thank You Preferred Visa ($9.5K)
Chase Sapphire Preferred ($7.5K)
US Bank Cash + Visa Signature ($7K)
Discover IT ($4K)

FutureBillionaire
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Postby FutureBillionaire » Tue Mar 12, 2013 10:44 am

I just started a thread related to this topic. I think it's important to take advantage of balance transfer offers and any rewards mall activity that you can in order to keep cards active.
Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape



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