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Regular Contributor
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
Posts: 3,852
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.

Moderator
Posts: 27,205
Registered: ‎09-13-2012
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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
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
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
Posts: 9,556
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.

Moderator
Posts: 27,205
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
Posts: 7,300
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
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
Posts: 1,253
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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