VISA Credit Card

With a Morton Lane Federal Credit Union VISA Credit Card, you'll get a Fixed 8.25% APR, pay no annual fees, and have online account management. Shopping with VISA is safe. Use your VISA card to shop online, in a store, or anywhere, and you're protected from unauthorized use of your card or account information. Your liability for unauthorized transactions is $0 under VISA's Zero Liability policy when reported in a timely manner.

Understanding Your Visa Credit Line: Stay Active to Keep Your Limits

In today’s financial landscape, understanding how to manage your credit is essential. One critical aspect to consider is your Visa credit line. Did you know that underutilizing or not using your credit card can lead to a reduction in your credit limit or even account closure? Here’s what you need to know to keep your account in good standing.

The Importance of Usage

Credit card companies want to see that you’re actively using your account. If you consistently use only a small portion of your credit limit, it may be viewed as underutilization. In some cases, this can lead to a reduction in your credit limit. On the flip side, if your card is inactive for three or more consecutive months, it may be considered inactive, which could result in your account being closed altogether.

Tips for Staying Active

1. Make Small Purchases: Consider using your card for regular expenses, like groceries or gas. This keeps your account active while allowing you to pay off the balance in full each month.
2. Set Up Automatic Payments: Use your credit card for recurring bills. This ensures regular usage and helps you avoid missing payments.
3. Monitor Your Account: Keep an eye on your spending and payment habits. Regularly checking your account can help you stay informed and avoid any surprises.

The Bottom Line

To maintain your credit limit and avoid potential account closure, it’s important to actively use your Visa credit line. By making small purchases or setting up automatic payments, you can keep your account in good standing and enjoy the benefits of your credit card. Notification is not required for the closure of inactive credit cards. Stay savvy with your credit, and don’t let inactivity work against you!