B&H's Payboo canceled me for not purchasing enough (Page 3): Not many appear to remotely know how "store sponsored" credit card deals are made to benefit both vendor and bank.

DaveO Loc: Northeast CT

Not many appear to remotely know how "store sponsored" credit card deals are made to benefit both vendor and bank.

mwsilvers Loc: Central New Jersey

DaveO wrote:

Not many appear to remotely know how "store sponsored" credit card deals are made to benefit both vendor and bank.

henryp Loc: New York, NY

mwsilvers wrote:

Many banks or credit companies today will automatically cancel credit cards after a year or two of inactivity. It is starting to become the new standard and has nothing to do with B&H. I was in banking for most of my career as a software development manager for JPMorgan Chase. You seem to believe B&H has more control or involvement with their credit cards than they do.

Indeed. CitiBank cancelled an account of mine after I let it lapse for a year. When I asked them why their reply was, in essence, "use it or lose it."

Kevin.M Loc: Forked River, NJ

AnotherBob wrote:

I received a letter date 4/19/23 from Comenity Cap... (show quote)

If you’re not using the card they did you a favor and when you make a purchase have them issue you a new card. It’s probably just that easy.

Stardust Loc: Central Illinois

Recently bought new car, financed a small portion, in filling out current debts listed zero, pay off credit cards balance every month. Finance guy suggested to leave a little balance now & then, pay a couple bucks interest, or good chance I could get canceled. Those who pay on time and no interest are considered "Deadbeats" in the finance world!!! Times have changed in this upturned country.

BebuLamar

Stardust wrote:

Recently bought new car, financed a small portion, in filling out current debts listed zero, pay off credit cards balance every month. Finance guy suggested to leave a little balance now & then, pay a couple bucks interest, or good chance I could get canceled. Those who pay on time and no interest are considered "Deadbeats" in the finance world!!! Times have changed in this upturned country.

I think the card could get cancelled if you don't use but not for paying it off every month. I do a lot of purchases with my credit card and I always pay it off every month and carry no balance. They never cancel my card. It's been that way for about 20 years already.

mwsilvers Loc: Central New Jersey

BebuLamar wrote:

I think the card could get cancelled if you don't use but not for paying it off every month. I do a lot of purchases with my credit card and I always pay it off every month and carry no balance. They never cancel my card. It's been that way for about 20 years already.

Absolutely correct.

Stardust Loc: Central Illinois

BebuLamar wrote:

I think the card could get cancelled if you don't use but not for paying it off every month. I do a lot of purchases with my credit card and I always pay it off every month and carry no balance. They never cancel my card. It's been that way for about 20 years already.

One deadbeat to another I don't disagree with you, same for my 30 yr old Master Card, but was reporting what large dealership finance guy told me, who is tuned in better to today's world than you or me. Doubt an active card would get canceled - still making merchant's fee - but times have changed, especially like other card where I get 2% cash back wiping out most of their sale fee, or if little use could go the result of the OP here.

larryepage Loc: North Texas area

BebuLamar wrote:

I think the card could get cancelled if you don't use but not for paying it off every month. I do a lot of purchases with my credit card and I always pay it off every month and carry no balance. They never cancel my card. It's been that way for about 20 years already.

Your card is not likely giving you a rebate of 6-8% on every purchase you make with it, either.

casyjones Loc: Bronx NY

I don't believe BH has much to do with the lender/bank. If a credit card is not used for extended periods like 2 years most lenders cancel their card. It's easy to avoid this by purchasing something. Even a $10 item would keep the card active.