dcsimg The Get Rich Slowly Forums • View topic - "Back of the Wallet Credit Cards" cancelled by Mega Bank

  GRS Home  Forum Home
Bank Rates Center
   Savings Account Rates
   Money Market Rates
   Highest CD Rates
Insurance Rates Center
  Auto           Health
   Life              Home
Mortgage Rates Center
  Mortgage Rates
  Mortgage Quotes

Last visit was:
A place for Get Rich Slowly readers to ask questions
and exchange ideas
It is currently Fri Dec 19, 2014 7:21 am




Post new topic Reply to topic  [ 5 posts ] 
Author Message
 Post subject: "Back of the Wallet Credit Cards" cancelled by Mega Bank
PostPosted: Sat Mar 16, 2013 7:42 pm 

Joined: Sun Feb 10, 2013 2:14 pm
Posts: 7
Guys,

Has anyone had a credit card which they no longer use (or only use 1 time per year to keep it in your credit mix) cancelled?

I recently had a credit card which I did not use in over 4 years closed by the mega 'America bank' :D Not sure yet how it will impact my 770 credit score, but Im looking to see if this is happened to others.

FYI, I have about 4 credit cards which I have applied for over the past 8 years which I do not use but 1-2 twice a year, I just for got about this one...

Tks!


Top
Offline Profile E-mail   
 Post subject: Re: "Back of the Wallet Credit Cards" cancelled by Mega Bank
PostPosted: Fri Mar 22, 2013 3:21 am 

Joined: Sun Feb 10, 2013 2:14 pm
Posts: 7
bump...................................


Top
Offline Profile E-mail   
 Post subject: Re: "Back of the Wallet Credit Cards" cancelled by Mega Bank
PostPosted: Fri Mar 22, 2013 3:39 am 

Joined: Sun May 29, 2011 4:50 am
Posts: 183
What response are you looking for?


Top
Offline Profile E-mail   
 Post subject: Re: "Back of the Wallet Credit Cards" cancelled by Mega Bank
PostPosted: Sun Mar 24, 2013 9:58 am 

Joined: Sat Jun 06, 2009 11:49 pm
Posts: 269
Location: Cincinnati, OH
Why would the bank that backs that credit want a line of credit sitting out there that isn't being used. They are making ZERO money on it, because you aren't paying interest, and I imagine there was no annual fee.

Happens all the time.

_________________
T.C. Strait
Ohio Loan Officer / Manager @ Mortgage Broker
NMLS ID 164070
Ohio Mortgage Solutions
Ohio FHA Mortgage


Top
Offline Profile E-mail   
 Post subject: Re: "Back of the Wallet Credit Cards" cancelled by Mega Bank
PostPosted: Sun Mar 24, 2013 10:02 am 

Joined: Sun Mar 10, 2013 12:10 pm
Posts: 137
Yes, it happens so often the Clark Howard has a standing recommendation to use each credit card at least twice a year to minimize the chance of them them being canceled.


Top
Offline Profile E-mail   
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 5 posts ]  Moderators: bpgui, JerichoHill


Who is online

Users browsing this forum: Google [Bot], Yahoo [Bot] and 19 guests


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  
Powered by phpBB © 2000, 2002, 2005, 2007 phpBB Group
Theme created StylerBB.net & kodeki