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American Express two cards, only want one.

Regular Contributor

American Express two cards, only want one.

So I helped my mom apply for the green card, then the costco trueearnings card. She ended up getting approved for both, but now that she has both she regrets applying for the charge card (she doesnt want too much credit responsibility atm). Is there anyway to cancel the green card app?

Credit Karma (TU) : 790 Discover FICO (TU): 788 Credit Sesame (EX): 770 myFICO (EQ) - 780
Amex Simplycash Business - $15000 Citi Costco - $12000 Citi Double Cash - $10000 Discover IT - $11000
Message 1 of 7
6 REPLIES
Valued Contributor

Re: American Express two cards, only want one.

Unfortunately, no. She already took the hit for the inquiry and her AAoA will also be affected. Can't take back those anymore, but given some time her scores will rebound.

Starting Score: EQ 717 EX 724 TU 736
Current Score: EQ 832 EX 783 TU 816
App free since 9/15/15
Message 2 of 7
Regular Contributor

Re: American Express two cards, only want one.

even if i close it as soon as i receive it, it will still report?

Credit Karma (TU) : 790 Discover FICO (TU): 788 Credit Sesame (EX): 770 myFICO (EQ) - 780
Amex Simplycash Business - $15000 Citi Costco - $12000 Citi Double Cash - $10000 Discover IT - $11000
Message 3 of 7
Valued Contributor

Re: American Express two cards, only want one.

Yes it will still report.....if she does not want to manage the credit then have her just put it away and forget about it until next year when the AF come due and close it. 

*8/10/13
Message 4 of 7
Regular Contributor

Re: American Express two cards, only want one.

what will happen if she just doesnt activate the card when it arrives?

Credit Karma (TU) : 790 Discover FICO (TU): 788 Credit Sesame (EX): 770 myFICO (EQ) - 780
Amex Simplycash Business - $15000 Citi Costco - $12000 Citi Double Cash - $10000 Discover IT - $11000
Message 5 of 7
Valued Contributor

Re: American Express two cards, only want one.

The ONLY thing that activating the card does is make it active for use. It has no bearing on the reporting. The inquiry has been made and will post, the card was approved and will post.

*8/10/13
Message 6 of 7
Highlighted
Regular Contributor

Re: American Express two cards, only want one.

well darn. thanks guys i guess were closing it in 2014

Credit Karma (TU) : 790 Discover FICO (TU): 788 Credit Sesame (EX): 770 myFICO (EQ) - 780
Amex Simplycash Business - $15000 Citi Costco - $12000 Citi Double Cash - $10000 Discover IT - $11000
Message 7 of 7