Reply
New Contributor
evohuntinwrx
Posts: 64
Registered: ‎10-02-2010
0

Are applications binding?

Hey guys,

 

Just wondering, say I applied for a Platinum card. But then decided I dont want to pay the AF, can I simply not activate it? Can I simply just call and cancel?

 

Thanks,

 

Michael Vera

____________________________________________________________
EQ FICO - 710 as of 10/28/2010

700 Club
New Contributor
Insyder
Posts: 75
Registered: ‎12-08-2010
0

Re: Are applications binding?

You can call and cancel but not activating won't cause you to not get the fee, so you need to call. Also it may still report as a tradeline since you did open the account.

Starting Score: 720
Current Score: EQ 752 TU 753 EX 749 PSECU
Goal Score: 800


Take the FICO Fitness Challenge
Senior Contributor
Wolf3
Posts: 3,198
Registered: ‎01-24-2010
0

Re: Are applications binding?

Activating a card is just a security measure to see that you got the card in the mail.   More often is a way to give you a sales pitch for all the high priced extras they sell.

 

It has nothing to do with opening or closing a credit account.

Valued Contributor
casinoannie97
Posts: 1,989
Registered: ‎08-17-2007
0

Re: Are applications binding?


evohuntinwrx wrote:

Hey guys,

 

Just wondering, say I applied for a Platinum card. But then decided I dont want to pay the AF, can I simply not activate it? Can I simply just call and cancel?

 

Thanks,

 

Michael Vera


 cancelled    First Premier the day I got it.  Cancelled ok but

is still  reporting to CRA's.


myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+