Unnecessary Reddit-tier snark response. Nowhere did I say that "most fraud comes from access to your physical card," though it is possible this is the case specifically for a card that has not been used anywhere in a while. I am simply indicating how I deal with one attack vector, physical access.You think that most fraud comes from access to your physical card? That is a very 20th century view.As you've surmised credit scores are one of those things that don't really matter after a certain point. Probably the closing of one of those cards would not cause your score to drop below 800 and even if it did, who cares.
YMMV but I have never had a credit card closed for inactivity. I have a CC through my credit union I have not used in over 4 years that they haven't closed. I have a Synchrony card I signed up for simply for the welcome bonus, I never used the card once and it's still open two years later.
I would just leave the accounts open to sit there and positively impact your age of credit, if they decide to close them on you oh well. I monitor all my accounts in Empower each month so I'd see any fraudulent transactions (unlikely as I destroy the physical version of these abandoned cards that I've decided I won't use again).
As I work in cybersecurity I'm certain I could have written many paragraphs on the topic, but the upfront time investment for the sake of preemptively fending off internet pedantry does not seem worth it.
Statistics: Posted by seltzer — Thu Jul 18, 2024 11:59 am — Replies 6 — Views 381