@Anonymous wrote:
@NRB525 wrote:
@ssondubs wrote:
I applied for a Cap One card and got a whopping $300 limit. Wasn't too happy, it didn't compare to my other CC limits lol. I closed the card before it was even mailed out ( and I still got it). It still reported as closed by consumer and it indeed hurt my AAoA. I should've just SD'd if I only I knew.well, the AAoA is affected by the fact that you apped for it, right? not the disappointing CL. Regardless if you liked the CL, or kept it open the effect on AAoA should have been exactly the same, once you decided to app.
Apping has nothing to do with AAoA. Neither does being approved for a tradeline necessarily. I have two hidden tradelines that I took hard pulls for and took score hits but suffered no effect to AAoA. I could apply for 5 cards in the next 30 minutes and be declined for all five and all that would happen is I'd take score hits for five HP's. Even if I was approved for one of them my AAoA wouldn't change until that card reported. New accounts REPORTING to the CRA's affects AAoA. Closing them doesn't change that, you have to have them removed. I think the poster you quoted was just saying that he thought he could just close the account before the card came and not have any negative effects to his profile and it didn't work. Just like the OP is hoping to try.
to the OP, this board is full of threads and posts of people not getting limits or terms they wanted and closing cards and be left with a closed account on their report. If it were as easy to just write a letter and mail a card back or not activate a card I'm sure you'd hear about it all the time.
Sorry, I should have highlighted the incorrect statement I was commenting on earlier. My point/clarification is, once one decides to app for a card, if that card is opened, AAoA is affected. AAoA is "hurt". The act of SD a card is, well, doing nothing. It's just open and not used, doesn't change any AAoA calculations once it is issued, except that it begins to age along with everything else.
@Fico2Go wrote:It looks like if there is a way it would be in cancelling the application. I won't get into how or if it's possible. Of course anything is possible but knowing how to is the key.
Btw, I seldom subscribe to the theory of if there were a way someone would have already thought of it
It also depends on how much effort one is willing to put into the calls to the bank and multiple explanations to CSR who are trained to get cards out the door as efficiently as possible,to explain why one wants to cancel the application.
If that's what floats someones boat, they can have it.
But then the real question comes up: What is the expected outcome/benefit from all this effort?
@Fico2Go wrote:
@NRB525 wrote:
@Fico2Go wrote:It looks like if there is a way it would be in cancelling the application. I won't get into how or if it's possible. Of course anything is possible but knowing how to is the key.
Btw, I seldom subscribe to the theory of if there were a way someone would have already thought of it
It also depends on how much effort one is willing to put into the calls to the bank and multiple explanations to CSR who are trained to get cards out the door as efficiently as possible,to explain why one wants to cancel the application.
If that's what floats someones boat, they can have it.
But then the real question comes up: What is the expected outcome/benefit from all this effort?
I think the key would be in figure out a system of doing things that wouldn't require too much effort. Wouldn't you agree?
Speaking of which I'm of the school that earning less than 5% cashback rewards is too little. So Apping for anything less than 5% is just like apping for 0% cashback.
Again I'm trying to find out any tips that can be shared. I'm sure many on here were happy to learn the "secrets" to getting 3X CLI with AMEX. Others were happy to learn how to backdate their cards. Some are happy to have learned how to PC products without a HP. Some discover card users are happy to get CLI via automated phone requests. GE/Synchrony cardholders love the secret that CLIs are possible with just a SP.
Again, I'm interested in hearing about possibilities, not so much if something doesn't make sense or if most don't know yet.
Fair enough. All the examples you cited are existing processes buried within the CCC, in other words, they are available to utilize, and users can trigger them by doing certain actions.
The idea of killing a CC because you don't want it to report is going against the process of gathering CR information, where the basic operating function is to show: Did something happen in the past? If yes, report it. If it is really an error, extra effort is necessary to document that it was indeed an error and remove the error.
Apping and not liking the CL that results, doesn't really count as an error.