Unused credit card

Bravehearted_2

If a credit card is not used every month and kept open, do you still get the green ticks every month?

Any negatives to this?

Nothing owed on the card.

blacksta

you get a " U" or similar - It stands for Account has gone to sleep or No payment information.

blacksta

I dont think you get any negatives , The only issue is that the credit company might reduce your limit or sometimes close the account.

joedenise

I've got one card which I use just once a year just to keep it "active".

Denise

Tremour-88

Bravehearted wrote: »

If a credit card is not used every month and kept open, do you still get the green ticks every month?

Any negatives to this?

Nothing owed on the card.

If the account is unused with no repayments or balance owed it gets a U for Inactive and will not give any good remarks onto your file.

If you want a card for green 0's I usually just put £40 of petrol on my CC and let the min. payment run for 6-8 months, yeah it costs about 40p in interest every month but I can forget about it and get the green ticks

bouncydog1

Yes but you get a minimum payment marker. Should always pay more than minimum - even £1 so that you just get the green tick.

Suarez

Tremour-88 wrote: »

If the account is unused with no repayments or balance owed it gets a U for Inactive and will not give any good remarks onto your file.

If you want a card for green 0's I usually just put £40 of petrol on my CC and let the min. payment run for 6-8 months, yeah it costs about 40p in interest every month but I can forget about it and get the green ticks

You would still get the green ticks if you paid it in full every month so why pay interest?

katherine04

I also believe you wont get any negatives. Just make sure that your account wont be closed.

mgarl10024

Looking on CreditExpert (Experian) I can find no mention of the minimum payment marker - can someone point it out please?

Also, I have inactive credit cards with £0 on them, and can see a row of '0's which mean '0 months behind', not 'U's - perhaps this varies by card provider?

seriousDFW

bouncyd!!! wrote: »

Yes but you get a minimum payment marker. Should always pay more than minimum - even £1 so that you just get the green tick.

Does this also apply if you are stoozing? Although I have CC debt, it's all at 0% so my spare money goes into savings and I will pay back the CC when promotional rates end.

Should I be paying more than the minimum, or does the fact I'm on a 'promotional rate' mean that any lenders would not view the minimum payment as negative?