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Regular Contributor
dpechal
Posts: 148
Registered: ‎05-15-2012
0

Closing Cards Pre-Activation

Just curious if anyone has closed credit card accounts prior to activation.  I was approved recently for 4 additional new credit lines, of the 4 new cards only 2 are really worth it.  Have you ever closed at pre-activation?  Pro's and Con's of doing so?  I don't mind the hardpulls at all fyi.  Thanks in advance for any and all advice!

 

Also I started from the cards I felt I would be approved for and worked my way up, just incase you all were wondering why I would apply in the first place.

 

Cards applied for:

Amex Delta Platinum - Approved for $1,100

Amex Platinum - Approved NPSL

Barclays Arrival - Approved $3,500

NFCU Flagship - Approved $15,500

 

My plan was to cut off the Barclays and tempted to cut the Delta Platinum.  Also I am active duty military so the Annual Fee is waived so I get the benefits at a price of $0 AF.  

***$25,500******$20,000******$20,000******$20,000******$15,000********NPSL****

Senior Contributor
BearsAndTurtlesRtheBest
Posts: 3,578
Registered: ‎10-02-2012
0

Re: Closing Cards Pre-Activation

Ive never closed cards before activating them but I would say you could since you already go the cards that offer great befenits for those in the military.

$1,000$600 "Two credit cards is all I need"
EX FICO---, EQ FICO---, TU FICO 603, No Delinquencies of any Sort, Gardening Since 10-05-14
Moderator
09Lexie
Posts: 25,954
Registered: ‎09-13-2012
0

Re: Closing Cards Pre-Activation

Unless you can get the lender to remove the TLs from your CR's, you will have the loss of AAOA.
Established Contributor
missjae
Posts: 522
Registered: ‎07-18-2013
0

Re: Closing Cards Pre-Activation

I closed a Credit One card pre-activation cause I realized it wasn't worth it. There was nothing on my CR and I didn't have any problems. This was before I began using these forums. After reading all the stories, I am glad I did!
Regular Contributor
dpechal
Posts: 148
Registered: ‎05-15-2012
0

Re: Closing Cards Pre-Activation

I only ask cause I don't see the TL's on my CR as of yet, and wanting to see if canceling now would prevent the TL from even being open.  Thanks for the advice

***$25,500******$20,000******$20,000******$20,000******$15,000********NPSL****

Super Contributor
longtimelurker
Posts: 7,251
Registered: ‎04-22-2013
0

Re: Closing Cards Pre-Activation


09Lexie wrote:
Unless you can get the lender to remove the TLs from your CR's, you will have the loss of AAOA.

I think it must be lender dependent, because I found out that I had in fact been approved for a card (Fidelity Amex) by a credit karma alert telling me that there was a new account on my CR.   The card came a few days later so in this case the TL reports prior to activation.

CSP, Freedom, Chase Amazon, Cap One QS (x2), Penfed Plat Rewards (x2), Citi Double Cash, Citi Dividend, Citi AA Plat Select, Citi Forward, Amex BCE, Amalgamated Bank, Sallie Mae, Cash Plus, Fid Amex, NASA Plat Cash
Scores May 14: EQ 848, EX 833, TU 848 (Sep)
Moderator
09Lexie
Posts: 25,954
Registered: ‎09-13-2012
0

Re: Closing Cards Pre-Activation

[ Edited ]
That's true of BoA and most GE cards too.

Edit: Barclays is known to report quickly.
Valued Contributor
FinStar
Posts: 6,031
Registered: ‎10-21-2012
0

Re: Closing Cards Pre-Activation


09Lexie wrote:
That's true of BoA and most GE cards too.

Edit: Barclays is known to report quickly.

+1

 

Barclays reports within 48 hours like BofA/FIA.

 

OP - did you do some research before applying for any of these? or, at least the ones that did not deem as desirable for your portfolio?

Regular Contributor
burghpa
Posts: 165
Registered: ‎07-31-2013
0

Re: Closing Cards Pre-Activation

Barclay reported immediately for me as well, in 24 hrs. The card arrived a week later.

 

July 2014 ScoreMarch 2013 Score222222
720550      $8900                 $6500                 $4500                 $2000                 $1500                 $5000/$900                  
Valued Contributor
DigitalArk
Posts: 1,191
Registered: ‎07-07-2013
0

Re: Closing Cards Pre-Activation

[ Edited ]

I closed my Costco Amex pre-activation which had 14.4k limit. After getting all the suggestions from the credit gurus here in the forum, I reactivated it the day after closing it. :smileytongue:



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