I had a Discount Tire credit card with synchrony. Card had a 0 balance for ~5 years where I didn't use the card. Today my credit monitoring software told me the account is closed. Synchrony never sent email or mail notifying. Is this normal?
You have to keep card active
Dormant accounts get closed this is why those finance peeps tell you to buy a stick of gum every few months and pay it off. The entire credit system is a goddamn capitalist scam but we love it!
is the loyalty or benefits of a discount tire card that great? i mean, how often do you buy tires?
Is your info up to date? If you moved and a statement or snail mail was returned as undelivered, it’s deemed lost property. Any funds go to the state, the account is closed and you have to file a claim to redeem it. Look up escheat.
I also didn’t use for couple of years and they closed. I’m saved from making phone call to them to close. So I didn’t care
Yes, they have the right to close your card for any reason. It's very common for cc companies to close unused accounts. As said above, pay a small bill on it every month then schedule autopay for the amount for the next day and it won't show up as utilized credit and keep the card open.
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