Bank of Scotland...compulsory use ?????

littlereddevil

I have had a Bank of Scotland credit card for years and have now received a letter saying as it hasn't been used for a few months it will be cancelled and cannot be reopened !
Since when was it compulsory to use your credit card?

fermi

Since they discovered they aren't making any money from you I presume.

Why should they maintain an unused account on their systems?

It will be in the T&Cs that they can close the account at any time by giving you an amount of notice in writing.

Why not just use it occasionally when you would otherwise pay by debit card? If you pay it off every month when you do so, it will cost you nothing.

littlereddevil

This is what I do but obviously not to their satisfaction as they gain no interest from me.

jonesMUFCforever

You do not state what your credit rating is like but it is not uncommon for card companies
to write to say that if you do not use it within a certain timescale it will be cancelled.
Perhaps you should check your files with the CRA's.

oscar52

MBNA have also started to do this. Reason being it costs money to maintain the account - maybe not much, but multiply this by a few thousand other accounts not being used for a long time and the costs build up.

RobertoMoir

littlereddevil wrote: »

This is what I do but obviously not to their satisfaction as they gain no interest from me.

Well if you're not making them a profit why wouldn't they close the account? A credit card is a business agreement that they need to make a profit from, not us folks simply getting credit that we have a god-given right to.