It’s a good idea to make sure you maintain your oldest lines of credit as the length of your credit history makes up 15% of your credit score. But for those who have low overall credit limits, a closed account could have a negative impact on credit scores. One purchase using the card should be enough to keep the account alive.įor some, a closed account won’t mean much. They may give cardholders the opportunity to maintain an account before a strict deadline, but it isn’t required.
Contact your card issuer to find out when they will deactivate your account if it isn’t being used.Ĭard issuers are not required to give notice of a looming deactivation. The exact length of time varies among issuers. This is usually fine when there’s no balance to pay off, but after a long period of inactivity a card issuer may close a credit card account. What Happens If You Don’t Use Your Credit Card Your Account May Get ClosedĬardholders with unused credit cards often won’t pay attention to said card’s billing statements or notifications.
