Citi sent me a letter indicating they will close my account because I have not used it in for a long time. My payments have been on time since I got the card. This is my oldest card at 8+ years. Can they do this even if it adversely affects my credit?

Why would it adversely affect your credit?

Sometimes banks do this for accounts that don't generate enough income for the bank. They don't like "parked" accounts, which generate costs (statements, accounting, etc) without revenue.

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Citi closed my account

Citi will close my account

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Letter indicating close the account

Bank sent letter to close my account

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Citi sent me a letter indicating they will close my account because I have not used it in for a long time. My payments have been on time since I got the card. This is my oldest card at 8+ years. Can they do this even if it adversely affects my credit?

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I have great credit , and work is slow and cannot make my minimun credit card payments on 3 credit cards of 8 , can only sent them less than the minimum payment. will that affect my credit and relationship with my credit card company I am very concern

Say you came up on some money, and were able to pay off a credit card. Also you have been on time with all payments. Could you or have you negotiated a credit card final pay-off?

If a demand letter is sent and you immediately start paying on the credit card you were delinquent on (3 months behind) can they still come after you for payment in full immediately? Or does paying show good faith on your part so no further action?

Can you make an offer on credit card payments?

Does anyone use their credit card as a debit card? I'm talking about making payments on an account with a zero balance and using up the negative balance.

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Can you make an offer on credit card payments?

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Citi sent me a letter indicating they will close my account because I have not used it in for a long time. My payments have been on time since I got the card. This is my oldest card at 8+ years. Can they do this even if it adversely affects my credit?

Answers. 1 helpful answer below.

Comments

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Answerbag.com Your favorite Q&A site is on Facebook! Become a fan to connect with the ever-growing community of Answerbaggers, share your thoughts and find out what Answerbag's up to next!

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