Coop and I have two credit cards. One is from a warehouse type store where, when necessary we purchase major items at a significant savings, things such as tires for the car. The other is your basic all purpose major credit card we keep in case of emergencies. We use it occasionally to keep it active and then pay the bill in full immediately upon arrival. Let me rephrase that...we used to use it occasionally. Today when I tried to use it, my credit card was denied. I assumed it was just a glitch in the system and thought nothing more about...that is until the mail came. That is when I received the following notice telling me that I "no longer have access to any of my card benefits" and to "please discard any cards associated with this account". At least they said "please".
It seems the account has been closed because of inactivity. That more correctly should have read "inadequate activity according to our preconceived idea of what determines a credit worthy account holder." Obviously when they kept raising my limit and I didn't raise my spending level, they decided my account was not worth more than the paper this cancellation notice was written on.
We'll manage without the credit, we do a fine job of it already. It was just nice to have that shiny little card in my purse in the event of an emergency situation. I would even have been willing to pay an annual fee to keep it active since they weren't making much off my purchases and nothing off interest or finance charges. I get that. I wasn't given the option of an annual fee. In fact I wasn't given any option. Sorry Mrs. Cooper, you're just too darn responsible to have access to that kind of credit so we're just going to take it all away. How do you like those apples? They've left a somewhat sour taste in my mouth.