Dear Mary: You have written in the past that it’s important that we keep our credit cards “active” even when we keep them at zero balance. How often should we use them to keep them active? Does it matter how much we put on them? Can it be a small purchase that we pay off immediately? Thanks. Nancy
Dear Nancy: Using a credit card twice a year is more than sufficient to keep the account active. The purchase amount is inconsequential. Use it to purchase a 99-cent app and you’ll accomplish the goal. Then pay it off right away—even on the very same day. That way you won’t forget or run the risk of allowing a silly small purchase to create a rolling debt.
The system isn’t looking at the size of the purchase or the amount of time between purchase and repayment—only that a transaction is recorded and payment is received according to the terms and conditions you agreed to when you opened the account.
These days it’s important for every adult to own one good, all-purpose credit card for the purpose of maintaining a high credit score. To do so does not require one to carry a smidgen of debt (it’s NOT a debt score), nor to use the thing habitually. You could use your card to purchase two apps a year ($1.98 total, paid off immediately) and build a killer credit score. I have a feeling that’s exactly what you plan to do. Good for you!