08-27-2013 09:57 AM
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.
08-27-2013 10:04 AM
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.
08-27-2013 10:51 AM
08-27-2013 12:45 PM
08-27-2013 12:47 PM
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
08-27-2013 12:49 PM
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.
08-27-2013 12:51 PM - edited 08-27-2013 12:52 PM
08-27-2013 08:36 PM
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?
08-27-2013 10:42 PM - edited 08-27-2013 10:43 PM
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