No. of Recommendations: 2
Is my usual weekly download enough to maintain a non-dormant status or do I actually need to make a purchase on each card once or twice a year to prevent being closed for inactivity?

It depends on the credit card company's rules about 'inactivity'. While regular access of the account information is 'activity' that shows that you are still interested in the account, it's 'activity' that only costs the credit card company money - by having to maintain servers to keep the account information, pay credit bureaus to report the information, send you new plastics and account statements, maintain call centers in case you decide to call in, etc. It also exposes the credit card company to the risk that your dormant account will be hacked, and could end up costing them money that way.

Because you aren't making any purchases, which is what would provide the credit card company with revenue to offset these costs, you may end up getting your account(s) closed when card companies are looking at which accounts are least profitable.

This makes me wonder about my cache of "safe dwellers" that get little to no use. I asked y'all about closing them once before and the consensus was to leave them open.

It depends on if you are concerned about your credit score, and if you are planning on getting any additional credit (like a mortgage) in the future. Back in this thread it was suggested that you keep your 'general use' credit cards open so that you would keep your utilization ratio down. However, in order to keep the credit cards as 'active' and counting toward your utilization ratios, some credit card companies require that you actually have purchase activity every so often. So if you are trying to keep these accounts active for the sake of credit reporting/credit scoring, it's probably best that you make at least one purchase every 3 - 6 months or so on your 'safe dwellers'.

Print the post  


UGC Disclosure Notice Regarding Credit Card Posts
Community board discussions about credit cards are not provided or commissioned by banks who may have advertising relationships with The Motley Fool. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.