At O1ne Mortgage, we understand the importance of maintaining a healthy credit score. Keeping your credit card active and in good standing is a crucial part of this process. In this article, we will provide you with actionable tips to ensure your credit card remains active and your credit score stays strong. For any mortgage service needs, feel free to call us at 213-732-3074.

1. Set Up Recurring Payments

One of the easiest ways to keep your credit card active is by setting up recurring payments. Small bills, such as streaming or music subscriptions, can be charged to your credit card to show the issuer that the card is still in use. If you have multiple credit cards, consider distributing small recurring charges among the cards that see less use. This not only keeps your cards active but also helps you manage your expenses more effectively.

2. Make Small Purchases Regularly

You don’t need to make large purchases to keep your credit card active. Even small, regular purchases like buying lunch or coffee can show activity on the card and help you avoid cancellation. Designate certain cards for specific types of infrequent but regular purchases, such as pet grooming or gas. This ensures that each card gets some use, keeping your credit utilization low and positively impacting your credit score.

3. Call the Credit Card Issuer

If you find that a particular credit card no longer suits your needs, consider calling the issuer to discuss your options. You may be able to downgrade to a card with lower fees or more suitable rewards. This way, you can keep your credit history intact and maintain your available credit, which is crucial for your credit utilization ratio and overall credit score.

4. Pay on Time

Timely payments are essential for keeping your credit card in good standing. Late payments can severely damage your credit score and may lead to account closure. Aim to pay your balance in full each month to avoid interest charges and build a strong record of on-time payments. If you face a temporary setback, contact your card issuer to see if you qualify for a hardship program or other accommodations.

The Bottom Line

Maintaining an active and healthy credit card account is vital for your overall credit health. Inactivity can lead to account cancellation, which can negatively impact your credit score by reducing your overall credit limits and potentially lowering the average age of your credit accounts. Unless there is a compelling reason to close your credit card, it is generally better to keep it open, even with minimal use.

For more personalized advice on managing your credit and mortgage services, contact O1ne Mortgage at 213-732-3074. Our team of experts is here to help you navigate your financial journey with confidence.