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.
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.
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
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.
That's true of BoA and most GE cards too.
Edit: Barclays is known to report quickly.
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?
Barclay reported immediately for me as well, in 24 hrs. The card arrived a week later.
2013 Feb EQ: 550 | 2017 Feb EQ: 722