I failed to follow my own advice and have paid the price. Barclays has canceled Rob’s JetBlue MasterCard for lack of activity. I tell all of my clients to keep a small monthly charge on all of their no fee cards that sit in a drawer, or to remember to use them every so often. I didn’t do either one of those things. The only lucky thing for us was that I had already transferred much of Rob’s credit line to his Barclaycard Arrival Card, which Rob had previously downgraded to. There was only a credit line of $1,000 when Barclays canceled the card. So in terms of Rob’s credit score, it won’t be affected by a loss of a credit line, but will be slightly affected (temporarily) by the loss of an old account.
I will be taking my own advice in the future with respect to the cards that sit in the drawer. I wish I would have the first time.