When Will My Credit Card Be Closed For Inactivity? – Credit Card Insider

Today's question is: When Will My Credit Card Be Closed For Inactivity?

If you use your credit cards responsibly and make purchases at least once every few months, your credit cards should usually stay open indefinitely. But, if you don't use your cards for an extended period of time then banks don't have an incentive to keep them open, and will probably eventually close them. Use your cards once every few months to keep them open, help keep your credit score up, and avoid the hassle of a closed card.

Every week, John Ulzheimer answers YOUR credit questions. Email us, give us a call, or ask on live chat, and we may answer your question on YouTube!

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[-BTC-yep]

It depends on the business model of the issuer.. you have to be exploitable for profit.

[marksantucci]

That is a very beautiful Discover card. I had a Kohls charge card I must have opened it up right after Bradlies closed anybody rember the 2 speciality stores Caldors and Bradlies?
I'm guessing I got that card around 2002 , it closed out I think 2009.
what can we expect it's a charge account.

I called a couple of my financial company's and I believe Discover said a year and a half they said if it's in active.

I forgot what American Express said it might be 2 years.

also my Lord&Taylor charge card closed.

so John suggested that people go to the dry cleaners, fill up your tank or get grocery's.

what do you think about my idea going out to dinner let's say Buffalo wild wings or Friday's or Ruby Tuesday's with the other cards what about buying gift cards to either Walmart, Target or cvs where you can control the price and there easy to use you would always be able to find something at those stores. compared to the gap, Bath and body works, Macy's sears?

This is why I like Discovers rotating category's if I don't know what to use my credit card for I just go into that place whether it be gas stations, home improvements, restaurants I find use for my Discover card.

[doubleg]

I have too many of the same types of credit. The cards laying around are a huge temptation for buying things I don't need. So once i pay all of them off, i want to cancel a few of them.

Should i just go ahead and close them my self or cut them up and wait for the card companies to close the inactive ones for me?

***Keeping the 2 oldest cards active (High credit limit) and not using the 3 newer cards at all (low credit limit)

Which option would hurt my credit score less?

(Assume I'm using the active cards at 5% utilization)

*** the newer cards are already hurting my score a little bit because even though I've been using credit for almost 10 years, my average credit age is 3 years.

[echospyda]

Hi, I have a credit card (citi) that was recently closed due to inactivity for some time. I have not used it 18 mo. or so. This card I had for years. I pulled my credit report recently and I noticed my score went down. Is their anyway to resolve this? I mean, is their a way to repair my credit in a case like this. Thanks,

[AlexOrtiz-okuu]

I recently got approved for a 500$ credit card (I’m new) but I haven’t called to activate after reading all the hidden fees + anual fee .... if I wait for the issuer to close the account will it have a negative impact even though I haven’t activated? Should I call to close the card even though it’s not activated ?? Help plz... thanks for sharing your video !

[Dartboy-]

if i had a credit card that went into collections and i paid it off would i be able to reopen that same with same credit card company?

[almay]

if I do not make any charges on a card, but make minimum payments on the card, is that card considered active?

[chicho]

Hi thanks for the video and I have a cuestion if I have different credit cards and I use like 25% of everyone and I pay always on time is not a problem ? I m work on built my credit but when applying for American Express and it's always very difficult to get I proof why? Thanks .

[boeing]

Hello,
My back account was closed but I still owe money. I check my back statement and it says that the account was charged off. Do I still need to pay for it? What can I do about it so my credit gets better. Thank you.

[Wileyglify]

Oh wow if you use your credit cards too much it impact you negative and if i don’t use them it still impacts me negative but I’m trying to pay off my credit cards off so far I am getting there but I’m going to not use that credit card I’m going to risk it probably when they do close it I’ll be finished paying that credit card that I really want to finish

[Bluepilot]

hello, how about credit cards that I enrolled but did not activated and before you even activated you have a current balance of $81 waiting for you? How to cancel those cards tho?

[almay]

If I never use a credit card but I payu an annual or monthly fee, would they close my account?

[sanchez]

would my credit score go down if 1 of my credit cards limits gets lowered due to not using it for over 17 months just recieved a letter by the credit company saying the reason for reducing it?

[fallondavis]

Will the issuer alert me before closing my account?

[MrMundod]

I open an amazon prime visa card, on February, after use for 2 month,  find out their 5% cash back, doesn't worth, what my ultimate reward does,  I cancel today, April, with hurt my score

[AlexAlex-uqlh]

what if i close the youngest card which is four month or so. It will not effect my credit ratio because i always pay all of them off by the clothing day. I have four credit card that have all the same credit line (~$5K)

[mimichic]

I went to my bank to get my credit cards debt c

[toeneek]

Please help me  I purchased a first national credit card from a drug store for a $100 to build my credit in which I had excellent credit up until a week ago when I received a bill for  $92 after a few years cancelled and non use I called to complain  they then cancelled the card with 0 balance a week later I check my score FNCC reported me 30 and 60 days late Which dropped my score 100 pts I called back and complained now they are investigating it . I believe they did this to hurt me by canceling the card

[oreally]

You have so many cards- you mean to tell me you use them all??

[butterflyqueen]

OMG!
The grammar in this comment section is painful to read!