Quick Way To Keep Unused Credit Card Active – Raise Your Credit Score
Unused Credit Card Problem
Having an old credit card account closed for lack of use is a huge mistake. Closed credit cards will negatively impact your average age of accounts score and your utilization perspective.
Credit card issuers don’t want to keep a cardholder around who doesn’t spend money on their card. The card issuer continues to encounter fees even if you’re not using the card’s benefits. When you are costing them money instead of earning them money, they become unhappy. The credit card companies will eventually shut down your inactive accounts.
The obvious and most straightforward way of preventing this is to use the credit card. If you have cards that you have put away, cycling through all of them, just for the sake of keeping them active can be a hassle.
Amazon’s Reload Your Balance option — You can reload any amount above $0.50, and Amazon doesn’t care how many cards you use. I have 22 cards on my Amazon profile.
About every three months, I go through the credit cards that I haven’t used recently and load $5 – $10 from each one onto my Amazon Gift Card balance!
You could do less than $5, but some card issuers won’t even bother to send you a bill for smaller purchases. For instance, I’ve had a $0.79 Amazon reload waived by Wells Fargo. I generally use $5 just to play it safe. I’m afraid anything less and my card will still be considered inactive and they could cancel it!