Has anyone closed a customer's credit card account based on limited activity or no activity for over a year? We are thinking about contacting the customer to see if they would like to keep it open, reduce the credit limit by 50% or close the account. If they don't respond, we would like to close the account, but not sure what type of reason to use. Our account disclosures do not address non-use of activity. If your institution has done something similar, what type of adverse action reason did you use (assuming no new underwriting was conducted)? Thanking you in advance ~
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It's better to be absolutely ridiculous than absolutely boring. . . Marilyn Monroe