cancel
Showing results for 
Search instead for 
Did you mean: 

Closing Cards Pre-Activation

Regular Contributor

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****

Message 1 of 12
11 REPLIES
Senior Contributor

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.

Banking with CBofTV, and HSBC.
First Premier CC $500, Discover IT Secured $200, Neiman Marcus $1,500
Chapter 7 BK Discharged on 7/11/16
Equifax, Experian, Transunion, and ChexSystem are FROZEN.
Gardening Since 12/01/2017
Message 2 of 12
Moderator Emerita

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.
Message 3 of 12
Established Contributor

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!
Message 4 of 12
Regular Contributor

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****

Message 5 of 12
Super Contributor

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.

Message 6 of 12
Moderator Emerita

Re: Closing Cards Pre-Activation

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

Edit: Barclays is known to report quickly.
Message 7 of 12
Senior Contributor

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?

Message 8 of 12
Regular Contributor

Re: Closing Cards Pre-Activation

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

 

2013 Feb EQ: 550 | 2017 Feb EQ: 722

Message 9 of 12
Highlighted
Valued Contributor

Re: Closing Cards Pre-Activation

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. Smiley Tongue

Message 10 of 12