Barclay's going to close my account.

[Logan]

you NEED that barclay's card. why? they are excellent as far as reestablishing your credit. they are a solid lender and bk friendly. i dumped all but three. they have been the best, them and cap one. USE it for groceries and put that money aside pay it off every month. we did that for the first year or two, now we have a high 4 figure line. it helped when we needed a car.

oh!!! something else. in a bit of time, and down the road, but soon, do not pay them off and leave little amounts due. again why? they want to see you make timely payments not pay it off. like lets say $100 and you take 4 months of $25 payments, perfect, a tiny bit of interest yes, but well worth it to raise your FICO score for certain. again, they WANT to see how you pay. if you pay off monthly, they don't like it as much. they are HOPING you use them more. it's their game, if you know it, and work it, it benefits you.

I will NEVER pay a dime of interest to a credit card company again!!!!
I will most likely let this card go but thanks for the advice.
Logan

[tobee43]

you NEED that barclay's card. why? they are excellent as far as reestablishing your credit. they are a solid lender and bk friendly. i dumped all but three. they have been the best, them and cap one. USE it for groceries and put that money aside pay it off every month. we did that for the first year or two, now we have a high 4 figure line. it helped when we needed a car.

oh!!! something else. in a bit of time, and down the road, but soon, do not pay them off and leave little amounts due. again why? they want to see you make timely payments not pay it off. like lets say $100 and you take 4 months of $25 payments, perfect, a tiny bit of interest yes, but well worth it to raise your FICO score for certain. again, they WANT to see how you pay. if you pay off monthly, they don't like it as much. they are HOPING you use them more. it's their game, if you know it, and work it, it benefits you.

[grizindabox]

LITR is correct. I pay a small monthly bill with my card every month and pif.

[LadyInTheRed]

If there is no annual fee, I'd use it occasionally and keep it. One factor in your credit rating is the age of your accounts.

[Logan]

I just received notice that Barclay's is going to close my account due to inactivity. They're giving me 60 days to use the card.
Should I keep the card or let it go?
Logan