Bofa: Thank you for activating your new card today Mr Slayer. Me: Ok Bofa: We see you're eligible for the protection plan, blah blah blah Me: Not interested Bofa: We see you're eligible for 3.99% BT for 6mo. We can deposit cash right into your checking account. Me: Not interested. Bofa: We see you haven't used your card for many months. Is there a reason why? Me: After I paid you guys off $25k, I've been fortunate to be able to pay cash for most of my purchases. Bofa: Well you might want to consider using your card to keep it in good standing, otherwise there's a good chance your account could be closed. Me: That's the funniest thing I've heard all month! Have a nice day.
macy's does same a bloomingdale's account i never use says they "de-activated" my account and if i ever use it again, they'll rerun a credit check! as if i need a gratuitous credit inquiry to lower my FICO. good thing i know so i'll never use it and will probably close it soon.
To the banks, deadbeats are the ones who pay their bills on time and pay off their balances each month. They are deadbeats because the banks don't make any money off them. It's a twisted world in which we live.
Over 50% of a credit card issuer's profits are derived from things such as late payment fees, over the limit fees, and other BS fees. If you don't use the card, they're losing the possibility of realizing half their profits. Why would they want you as a "customer"?
