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I saw that Newegg offered a "Preferred Account powered by Bill Me Later", and I have a BML account, so I thought that I could add my BML account to Newegg that way. When I tried to add the account, I selected "Yes, I already had an account", and entered the info from my BML. After I submitted, a screen came up and said "We couldn't approve you for a Preferred account", and the email I got said "We couldn't approve you for incomplete information". Yeah, I definitely didn't want to apply for one. I think I'm going to be sick. My 6 months with Barclays is coming up soon. I really don't want to lose that account over this. Did I take a HP because I thought I could add BML to Newegg?
@chwebb1 wrote:I saw that Newegg offered a "Preferred Account powered by Bill Me Later", and I have a BML account, so I thought that I could add my BML account to Newegg that way. When I tried to add the account, I selected "Yes, I already had an account", and entered the info from my BML. After I submitted, a screen came up and said "We couldn't approve you for a Preferred account", and the email I got said "We couldn't approve you for incomplete information". Yeah, I definitely didn't want to apply for one. I think I'm going to be sick. My 6 months with Barclays is coming up soon. I really don't want to lose that account over this. Did I take a HP because I thought I could add BML to Newegg?
1. they don't pull TU even if you did.
2. doesn't sound like it verified, which to me means it didn't pull.
One HP isn't going to scare Barclays, the people that get CLD or other AA, are the ones that AP and recieve 5+ cards with in 6 months. But since I could get AP fever I refushe to AP for anything Barclays has.
I already had 3 new accounts after Barclays, so I feel like I might have pushed the envelope too much anyway (I did close 2 though, one from the 3 card spree and one other card).
@Creditaddict wrote:
@chwebb1 wrote:I saw that Newegg offered a "Preferred Account powered by Bill Me Later", and I have a BML account, so I thought that I could add my BML account to Newegg that way. When I tried to add the account, I selected "Yes, I already had an account", and entered the info from my BML. After I submitted, a screen came up and said "We couldn't approve you for a Preferred account", and the email I got said "We couldn't approve you for incomplete information". Yeah, I definitely didn't want to apply for one. I think I'm going to be sick. My 6 months with Barclays is coming up soon. I really don't want to lose that account over this. Did I take a HP because I thought I could add BML to Newegg?
1. they don't pull TU even if you did.
2. doesn't sound like it verified, which to me means it didn't pull.
+1
Hopefully you have learned opening and then closing cards hurts your credit not just in score. If you apply for a card and it goes to manual review they see you open accounts and then shortly close them is frowned on. Applying for a card that has a purpose for the long haul is the best policy.
@coldnmn wrote:Hopefully you have learned opening and then closing cards hurts your credit not just in score. If you apply for a card and it goes to manual review they see you open accounts and then shortly close them is frowned on. Applying for a card that has a purpose for the long haul is the best policy.
For what it's worth, I intended to keep the card when I applied for it. When I saw the APR and credit line, and experienced the customer service (or lack thereof), I decided to cut my losses. I think the fact that I've never done that to any of my other cards shows that the fact I closed it a few months after I opened it was an unusual occurence.
Someone correct me if I have mistaken. But the mere fact of receiving a credit card in the mail or approved does not activate a tradeline UNTIL the card user activates the account.
When you receive a card in the mail you should have read the terms and conditionas with all the conditions of benefits. At that point you can choose NOT to activate the card and there would be no need to cancel the account.
@Fico2Go wrote:Someone correct me if I have mistaken. But the mere fact of receiving a credit card in the mail or approved does not activate a tradeline UNTIL the card user activates the account.
When you receive a card in the mail you should have read the terms and conditionas with all the conditions of benefits. At that point you can choose NOT to activate the card and there would be no need to cancel the account.
I am not sure about Chase, but I know that my Barclaycard reported to my CR before I even received the card. When Chase showed me the CL and APR when I applied, I likely should have called and retracted my application, although I figured I had already taken the hard pull, so I might as well try to make it work.
@Fico2Go wrote:Someone correct me if I have mistaken. But the mere fact of receiving a credit card in the mail or approved does not activate a tradeline UNTIL the card user activates the account.
When you receive a card in the mail you should have read the terms and conditionas with all the conditions of benefits. At that point you can choose NOT to activate the card and there would be no need to cancel the account.
When I was in college, I applied for a Discover card. After applying, I decided that I didn't want a third CC and never activated it. It reported for three years before the account for closed for inactivity.
It's actually still on my CR - my other two CC TLs from college (ones that I actually used and then closed - apparently a couple years before the Discover was closed) fell off this year.