After having a credit card for the last 25 years with the same company, they sent me a letter today cancelling the card due to inactivity. True, I haven’t carried a balance on it for two years. However, I have always paid them on time and I have a long history with them. What are they afraid of?
I am not too worried about it though. I am through paying credit card companies their ridicules fees and high interest rates, so I think more of them will be contacting me to cancel their cards as well.