Not that I need to do this, I've just always been curious if you can.
Often, I see people here with some really good credit getting an "insulting" CL on a new approval. I know we often recon to bring that CL up, depending on the lender. But I've always wondered if they don't give you more, can you just tell them you don't want the card then? It would probably post as TL anyway I'm guessing.
I know you can do this for a loan if you decide you don't like the terms and it won't report.
Anyway... It's just a curiousity on my part.
Well there are creditors like Barclays and BofA that report a new TL in less than a week.
My guess is when you submit, you accept the terms, and so you can't refuse the card.
Hmmm.... OT but now I'm gonna have to research if a promo period starts upon activation or when it's open. There's a couple more cards I'd like but I can't be trying to match the promo spending on a bunch of cards at once.
Doesn't seem to be a way to do that without it reporting anyways...would love it if that were the case. The inquiry is temporary but the AAoA hit is forever 
You can always "refuse" to use the card aka not activate a card and / or cancel the card once you find out the CL, apr, etc. However, by submitting an application for a card, you're essentially "accepting" the card so 9 times out of 10, it will report as a new TL regardless of you deciding to shred the card once you receive it.
@VinnyofLegend wrote:Doesn't seem to be a way to do that without it reporting anyways...would love it if that were the case. The inquiry is temporary but the AAoA hit is forever
Exactly what I was thinking. And how many times have we seen someone recon a 7 to 10 message and get $500 when their highest card is 20k+? It would be nice to say, Oh! Never mind. Not worth my AAoA.
@parakleet wrote:You can always "refuse" to use the card aka not activate a card and / or cancel the card once you find out the CL, apr, etc. However, by submitting an application for a card, you're essentially "accepting" the card so 9 times out of 10, it will report as a new TL regardless of you deciding to shred the card once you receive it.
This has always been my assumption. But I've found that in the credit world assumptions are often incorrect. 
I wanted to see if I was wrong again. 
@VinnyofLegend wrote:Doesn't seem to be a way to do that without it reporting anyways...would love it if that were the case. The inquiry is temporary but the AAoA hit is forever
Not forever. Ten years lol. Which in credit terms seems like forever
