How Long Between Use for "Sock Drawer" Cards?

For just about anything you want to get off your chest about credit cards.
11 posts
Ikarus
Centurion Member
Centurion Member
 
Posts: 146
Joined: Thu Feb 07, 2013 4:53 am
Location: USA

How Long Between Use for "Sock Drawer" Cards?

Postby Ikarus » Tue Nov 19, 2013 6:17 pm

Taking my credit card inventory, I noticed that I haven't made a charge on three of my bad cards (AFs and no rewards) for nearly 5 months.

How long does a card typically go without use before it is closed down?

I will use all three cards over the next few days, but was wondering.

Also, how large should the charge amounts be -- a pack of gum or a bottle of fancy wine?
Merrick Bank (Hooters) 4100
Cap One Quicksilver 4800
Discover it 2500
Citi Forward 8000
Chase Freedom 1000
AMEX Blue Cash Everyday 5500
Citi Dividend 7000
Cap One Visa Platinum 750 (CLOSED)


cashback
Centurion Member
Centurion Member
 
Posts: 793
Joined: Mon Oct 22, 2012 7:11 pm
Location: NY

Postby cashback » Tue Nov 19, 2013 6:20 pm

If you're paying them an AF, I bet they will never close the account, no matter if you use it or not.
Credit Cards
Amex BCE 25K ---- PenFed Platinum Rewards 15.5K --- US Bank Cash+ 12K --- Discover IT 6K --- Citi Dividend 5K --- Chase Freedom 12.5K --- Amex SPG 6K --- Citi Thank You Preferred 15K

Not Used
Citi Simplicity - 5K, Sam's Club Discover - 10K

Future Cards
Sallie Mae World Mastercard

FICOs
Exp 772 - TU 781 - Equ 781

Midori
Centurion Member
Centurion Member
 
Posts: 204
Joined: Tue Oct 30, 2012 10:25 am
Location: TX

Postby Midori » Tue Nov 19, 2013 6:47 pm

I had a snit and sockdrawered my Chase Freedom for 12 months. It didn't get closed down, but there might have been a small fee at the end there for not using it.

For a card with an AF--- they'll charge their AF, so that alone would probably make it worth their while to keep it open. Otherwise, just put a small charge or two on it. But if I had cards with annual fees that were gathering dust, I'd probably spend the next year getting to a place where I could get rid of them.

MemberSince99
Centurion Member
Centurion Member
 
Posts: 4913
Joined: Sun May 20, 2012 4:35 pm
Location: WI

Postby MemberSince99 » Tue Nov 19, 2013 7:46 pm

Midori wrote:I had a snit and sockdrawered my Chase Freedom for 12 months. It didn't get closed down, but there might have been a small fee at the end there for not using it.

For a card with an AF--- they'll charge their AF, so that alone would probably make it worth their while to keep it open. Otherwise, just put a small charge or two on it. But if I had cards with annual fees that were gathering dust, I'd probably spend the next year getting to a place where I could get rid of them.


How can they charge you a fee for not using it?

I'd tell them what to do with the card and their fee for non use. I almost can't believe they tried that but if they did, it's another good case of why closing cards you won't be using is a good idea. Please tell me that didn't happen.

sakhalin
Centurion Member
Centurion Member
 
Posts: 249
Joined: Thu Jul 05, 2012 6:55 pm
Location: West Coast

Postby sakhalin » Tue Nov 19, 2013 7:56 pm

I left my BoA alone for a year and nothing happened. My Macy's store card closed after two years of inactivity, though.
AMEX BCE ($20,000), Citi Forward ($6,800), Discover IT ($5,250), BoA Travel Rewards ($1,800)

Midori
Centurion Member
Centurion Member
 
Posts: 204
Joined: Tue Oct 30, 2012 10:25 am
Location: TX

Postby Midori » Tue Nov 19, 2013 9:03 pm

MemberSince99 wrote:How can they charge you a fee for not using it?

I'd tell them what to do with the card and their fee for non use. I almost can't believe they tried that but if they did, it's another good case of why closing cards you won't be using is a good idea. Please tell me that didn't happen.


I took the Chase Freedom down to Galveston. DH stayed home. We both used the Freedom in both places simultaneously, which probably looked like suspicious activity. They froze my AU card, which I discovered when I was trying to gas up to go home. I called in, but since I was a mere AU, I couldn't do anything to un-freeze the card. They explained, "Umm... there was a suspicious charge of ($1.96 or some teeny amount like that) for digital pictures printed. Was that yours?" Of course, it wasn't; and of course, if there had really been real charges, they would have locked up both cards and given us new cards with new numbers, but I was just focused on getting home with a weeks-old baby. I drive my eight or nine hours and come home; get DH to promote me to JU that night; and stick the Freedom in the drawer for the next 12 months or so. My snit over, I start easing it back into use.

At some point afterwards, I notice on the "Fees for YYYY" summary on my monthly statement, that I have some random (insignificant) charge. Since I pay in full and long before the due date, non-use was the only fee I could think of... but I didn't catch it when it was originally levied. I'd have to go through my files to find out (a) how long I really left the card unused for, (b) how much it was, (c) when it was levied, and (d) what the stated reason was. My fault for not paying better attention; it (the charge) was probably back in 2010 if I had to guess.

Ikarus
Centurion Member
Centurion Member
 
Posts: 146
Joined: Thu Feb 07, 2013 4:53 am
Location: USA

Postby Ikarus » Tue Nov 19, 2013 11:48 pm

I asked b/c my Orchard Bank MC was cancelled after about 9 months of inactivity. It was my first cc after my BK in '05 -- and it had an annual fee.

As for phantom charges, I always pay off my lousy Merrick card monthly fee of $3.01, but still noticed interest charges on the year-end statement last year to the tune of $20+. I hate the card, b/c it's obvious they're trying to get you on fees for paying your measly monthly fee late.

I can't understand how they're allowed to get away with this annual-turned-monthly fee structure.
Merrick Bank (Hooters) 4100
Cap One Quicksilver 4800
Discover it 2500
Citi Forward 8000
Chase Freedom 1000
AMEX Blue Cash Everyday 5500
Citi Dividend 7000
Cap One Visa Platinum 750 (CLOSED)

MemberSince99
Centurion Member
Centurion Member
 
Posts: 4913
Joined: Sun May 20, 2012 4:35 pm
Location: WI

Postby MemberSince99 » Wed Nov 20, 2013 6:49 am

If they or any bank tried to charge me to NOT use their card, I'd be on the phone insisting they immediately remove that charge, I'd be contacting the CFPB about it, and when it's all said and done, I'd never use that card again and would close it once it appeared the issue was resolved (and I'd hope they aren't the sort to post some other bogus charge on your card for 5.99 and then sic some vulture squad on you for thousands of dollars while destroying your credit).

That is really hard to believe it could have happened honestly - them charging you for that. But if it happened that way, it's totally ridiculous. I hope you didn't pay and called them and raised some hell?

takeshi
Centurion Member
Centurion Member
 
Posts: 1741
Joined: Wed Jun 05, 2013 3:12 pm
Location: US

Postby takeshi » Wed Nov 20, 2013 8:10 am

Ikarus wrote:How long does a card typically go without use before it is closed down?

Don't rely on generalizations. Check with the creditors.

RewardHop
Centurion Member
Centurion Member
 
Posts: 307
Joined: Wed Jan 02, 2013 3:43 pm
Location: USA

Postby RewardHop » Wed Nov 20, 2013 10:33 pm

Just go to Amazon.com and buy a $0.10 e-gift card with it every 3-6 months. Easy!
[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]



Return to “General Credit Card Talk”

Who is online

Users browsing this forum: No registered users and 3 guests