Notification if card not used for X months (6,9,12) | Voters

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Notification if card not used for X months (6,9,12)

Jeff Ernst

Cards with no or low rewards but open for many years should offer notification if card has not been used for a certain time period so it can be used before automatic closing for non use. Closure could directly impact credit score due to change in length of credit history.

July 5, 2021

Ryan + G

This would be quite useful indeed.

Qahtan Al Qaysi

Even less than 2 months will be ideally IMO

Jay Rose

Qahtan Al Qaysi: I try to use each card at least once every 6-months and haven’t had any issues yet. I’ve kept all my “starter” cards and simply charge a little something every so often to keep the activity going. The thought has crossed my mind to get rid of at least a few of them, but I’ve had them for so long now that I may as well let them age. For me, it’s also a reminder of who was good to me during my rebuilding stage and how far I’ve come since!

Di B

And keep how many days last time used

Amber + J

You should keep track of ANY card that you dont use!! Most companies will charge you if you dont use your card after a certain amount of time, so you could get a hit to your credit score, and a second hit because all 3 credit beuros take how long youve had established credit, its actually like 30% of your credit and can slash it if you start removing old cards.You should use them at least once a year, even for $5 .. its better then having Experian tell you that your credit score was slashed by 50 points or more 🤔

Jay Rose

Amber + J: Great point! “Age and Credit Type” account for 21% of the VantageScore 3.0 and 15% of the FICO 8 models. I personally use each card at least once every 6-months. As some creditors won’t even wait a year, I’d urge everyone to do the same!
The craziest part about a creditor closed account is not the immediate effect it has on your credit, but the delayed effect as it still counts towards your aging for up to 2-years depending on the model used. That’s what probably sucks the most as you’ll see the hit after forgetting about the card and when you least expect it. In theory, your credit should have grown in those two years and the hit would be small enough to “cancel out,” but it doesn’t necessarily work this way, especially if you have 2+ accounts closed on you!
Aside from this, many people don’t realize that if there is a balance on a card that is closed on you, it becomes due-in-full as soon as the account closure takes place. So, if you can’t pay it back in full, it will go to collections VERY quickly!
You really can’t stress enough to not let this happen!

Tino 🖤

actually 3 too

Christoph Roesch

I was just about to suggest this as well. Be greatly appreciated

Lilian + Murcia

I need this!!! I have too many cards since I want to build credit and trust with different ones. I know I have certain cards that it's been a while since the last time I use it ... Hope this will be a feature soon

Jay Rose

Lilian + Murcia: Though probably not most peoples ‘thing,’ I built a spreadsheet to track this along with utilization, available & total credit, etc. This way I could see exactly where I am in one quick look. It takes less time to maintain than you’d think since you just update it when going over and paying your monthly credit card bills anyway. I’m hoping that this app in time will do all those things for me, but it’s worked well for me so far.