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American Express two cards, only want one.

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) : 745 Discover FICO (TU): 770 Credit Sesame (EX): 735 myFICO (EQ) - 713
Amex Simplycash Business - $7000 Travelocity AMEX - $1400 Amex TrueEarnings - $7500 Chase Sapphire - $6000 Citi Forward Student - $5000 Discover IT Student - $1900
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
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) : 745 Discover FICO (TU): 770 Credit Sesame (EX): 735 myFICO (EQ) - 713
Amex Simplycash Business - $7000 Travelocity AMEX - $1400 Amex TrueEarnings - $7500 Chase Sapphire - $6000 Citi Forward Student - $5000 Discover IT Student - $1900
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
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) : 745 Discover FICO (TU): 770 Credit Sesame (EX): 735 myFICO (EQ) - 713
Amex Simplycash Business - $7000 Travelocity AMEX - $1400 Amex TrueEarnings - $7500 Chase Sapphire - $6000 Citi Forward Student - $5000 Discover IT Student - $1900
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
Highlighted
Contributor

Re: American Express two cards, only want one.

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

Credit Karma (TU) : 745 Discover FICO (TU): 770 Credit Sesame (EX): 735 myFICO (EQ) - 713
Amex Simplycash Business - $7000 Travelocity AMEX - $1400 Amex TrueEarnings - $7500 Chase Sapphire - $6000 Citi Forward Student - $5000 Discover IT Student - $1900