Cancelled (But not really) Cards?
Aug 15, 2013 | 9:26 pm
#1
Original Poster
Join Date: Aug 2007
Location: NYC
Programs: all, none, somewhere in between
Posts: 221
Cancelled (But not really) Cards?
During a recon call today, I was asked why I'd cancelled previous cards. The cards brought up apparently appeared cancelled on my credit report, but they're not... they're just not being actively used (haven't had a balance in months).
Did the rep misread the credit report, or should I contact the issuers to find out what's going on? The cards are both less than 1 year old. Thanks.
Did the rep misread the credit report, or should I contact the issuers to find out what's going on? The cards are both less than 1 year old. Thanks.
Last edited by jmj8778; Aug 15, 2013 at 9:36 pm Reason: adding date on age of accts
Aug 15, 2013 | 9:33 pm
#2
Join Date: Sep 2010
Programs: HHonors Diamond; My Mom's Favorite Kid
Posts: 3,929
They might have been canceled but the issuer. This was common a few years ago when banks were afraid of having too many liabilities. You want to keep cards in your active credit file. So you should use reach card a couple of times a year.
Aug 16, 2013 | 3:45 am
#3
Join Date: Jul 2013
Posts: 71
I called and cancelled a card over a year ago, but the bank just sent me replacement cards for that account. I had decided to stop using it because the bank didn't report my credit limit on it, so the different credit agencies saw it as me using 100% of the available credit for that card even though my balance would be low and nowhere near the credit limit I actually had on the card. I'm sure it affected my credit score, so I just cancelled the card.
Feb 23, 2014 | 3:09 am
#5
Suspended
Join Date: May 2012
Location: ORD
Programs: AA, UA, AS, DL, BA, F9, IHG Plat, HH Gold, CC Gold, SPG Gold, MR Silver
Posts: 1,786