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Valued Contributor
BearsAndTurtlesRtheBest
Posts: 3,220
Registered: ‎10-02-2012

Not activating cards.

If you dont activate a card that you regret applying for will that card close by itself and not report to the bureaus?


$600$800$1,000$500(AU) $2,500
EQ FICO---, EX FICO---, TU FICO---, AAOA 5 months, Utilization 70%, No delinquencies of any sort.
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New Contributor
HiHiHiHiHiHi
Posts: 63
Registered: ‎07-21-2012

Re: Not activating cards.

I don't think so. The account is still open even if you didn't activate the card. I applied for the Chase BP Visa two years ago but I never activated or used it. It still reports on all three credit reports.

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Valued Contributor
BearsAndTurtlesRtheBest
Posts: 3,220
Registered: ‎10-02-2012

Re: Not activating cards.

Oh okay thanks for sharing and letting us know.


$600$800$1,000$500(AU) $2,500
EQ FICO---, EX FICO---, TU FICO---, AAOA 5 months, Utilization 70%, No delinquencies of any sort.
Inquiries on EQ: 19, Inquires on EX: 30, Inquiries on TU: 21, Gardening Since 06-25-14
Established Contributor
bahbahd
Posts: 729
Registered: ‎08-12-2011

Re: Not activating cards.

Correct me if I am wrong, but you have a small grace period where you can cancel a new card you just app'd for and the card will not report at all.

New Contributor
HiHiHiHiHiHi
Posts: 63
Registered: ‎07-21-2012

Re: Not activating cards.

But then you just wasted a hard pull. Why not just keep the credit card?

Scores: EQ-798 EX-802 TU-786

CC: |Amex PRG - NPSL| |Citi Simplicity - 22.6K| |CapOne No Hassle Rewards - 20K| |Chase Freedom 17.5K| |CSP 15K| |Discover IT - 7.8K| |Discover More - 6.1K| |GE PC Richard - 4.5K| |Amex Delta Gold - 3.5K| |Citi Goodyear - 2.5K| |CapOne Kohls - 1.5K| |GAP - 1.5K| |Macy's Amex - 1K| |Ann Taylor - 0.5K| |NY&C - 0.5K|
Valued Contributor
Repo-ed
Posts: 2,953
Registered: ‎02-09-2012

Re: Not activating cards.

you took the hit and the damage is done, might as well let it grow.
Established Contributor
linux007969
Posts: 579
Registered: ‎04-20-2012

Re: Not activating cards.


BearsAndTurtlesRtheBest wrote:

If you dont activate a card that you regret applying for will that card close by itself and not report to the bureau


sometime ago a friend of mine had been sent a new citi card for renewal and he didn't activate it (he thinks he shreaded it) and the account was automatically closed after a certain period of time and for right now its still on his credit reports and it reads "closed by consumer" He's leaving it go cuz it was of no use to him, as he has a $19,000 BOA card that he has had open since like 1962 or 1972 or somthing like that. (it was FIA but then they recently sent him a BOA Card). lol

Discover IT TU Score: 739 as of 4/20/14 | TU Score as of 1/5/14 - 710 | EQ Score as of 1/5/14 - 748 | Ex Score as of 1/5/14 - 728
TU Score as of 1/5/14 - 705 | EQ Score as of 1/5/14 - 721 | Ex Score as of 1/5/14 -753 |

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Established Contributor
ccnewcc
Posts: 560
Registered: ‎09-29-2012

Re: Not activating cards.


BearsAndTurtlesRtheBest wrote:

If you dont activate a card that you regret applying for will that card close by itself and not report to the bureaus?


Not sure.

 

Does it say anything in the T&C?

 

 

IIRC, I recently read one banks T&C and it said something about activating/not activating the card and what happens or doesn't happen.

 

I can't fully remember, otherwise I would be more detailed.  But definitely check the T&C.

Valued Contributor
beb86
Posts: 1,117
Registered: ‎10-31-2011

Re: Not activating cards.

If it doesnt have an AF might as well throw it in the SD

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Moderator
Shogun
Posts: 12,883
Registered: ‎04-15-2011

Re: Not activating cards.


beb86 wrote:

If it doesnt have an AF might as well throw it in the SD


Big +1


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