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Q: I have a Chase credit card that I rarely use. Will Chase cancel this card if I don’t use it?
A: Actually, Chase will. And it’s not the only major issuer of credit cards that cancels its cards if their owners stop using them. You can expect other big banks such as Bank of America and CitiBank to do the same. So if you like your Chase card, make sure to use it at least once a month to prevent the bank from canceling it.
You should, though, do an inventory of your credit cards to determine which ones you do and don’t need. There’s little reason to be carrying around a credit card in your wallet that you rarely use. Why not take a preemptive step and cancel it yourself? Rely instead on the cards that you use on a regular basis.
The bottom line is simple: If you have a credit card that’s in danger of being canceled for inactivity, that’s a sure sign that you don’t really need this card anyway.