- Centurion Member
- Posts: 1141
- Joined: Sun Jan 26, 2014 3:55 am
- Location: US
Well, my second store account has been closed for inactivity. First was American Eagle (from Synchrony), now it's Kay's. It was one of my first accounts, too. It's not like I used it at opening and ignored it after that, either. It never saw much activity, but I believe the last I used it was June 2013.
That's a downside to store accounts: it can be hard to put activity on it just to keep them alive (well, at least some stores more than others, like jewelers). Still, though, I would take a store account that doesn't cost me anything over some Cap One builder with an AF where I am stuck paying for it if I want to keep it even after my credit outgrows it.
Anyway, I'm just sharing. Can't say I am too upset about it. Even if I kept the card and bought something else at Kay's, I would use another card for rewards. I've got my mortgage now, so even if old store accounts closing DID hurt me a lot score-wise it would have no real impact on me.
I am glad I have Credit Karma to alert me to these store accounts closing! Maybe I will get a letter or something from Kay's, but I never heard a peep out of American Eagle.
EX - 804 (9/16) | TU - 803 (10/16)
American Express EveryDay - $20,000 (10/14)
Discover it - $23,000 (2/14)
AU on Barclay Sallie Mae - $10,000 (8/15)
plus several store accounts of varying usefulness now