How soon will credit cards be closed due to inactivity?

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cc789
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How soon will credit cards be closed due to inactivity?

Postby cc789 » Thu Mar 14, 2013 6:55 am

I'm currently leaving balances on 3 of my 5 cards to prevent low activity cancellations. None have annual fees, and I run a charge on each one at least once every two months just to keep some activity going.

I'm thinking of converting 2 or 3 of them to annual fee cards so that they don't get cancelled. Would gladly pay $95 a year for the luxury of not using a card for six months in order to have the CL on my report.

So my question is do cards w/annual fees get cancelled for inactivity/low activity?


randeman
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Postby randeman » Fri Mar 15, 2013 7:27 am

From what I have read online it varies from card to card. Some people have said they have cards they haven't used for ages that are still open and some have said they have had cards closed with less than six months inactivity. To answer your question, I would think that as long as you pay the fee it will stay open. But that's just a guess. Check with the card issuer and see what they have to say. If you don't go to the effort, use each card once a month or so for a small purchase and then pay it off.
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daytonabch04
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Postby daytonabch04 » Fri Mar 15, 2013 9:12 am

I would say check with them as well as they do vary. I've had no annual fee cards closed after a period of long no activity, but the CL wasn't too high. The one annual fee card I did have had a 14k CL, but I cancelled it before the annual fee was due the next time around.

haikuginger
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Postby haikuginger » Fri Mar 15, 2013 10:28 am

I've got a piddly $300 limit CapOne that I haven't used in over a year. Hasn't been cancelled yet.

namvet
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Postby namvet » Fri Mar 15, 2013 10:36 am

Cards that carry a high interest rate and/or annual fee would be the last to be closed due to inactivity. If you want the cards the best bet is to use the cards at least once every 6 months or so.



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