closing cards never used

ecxpa · ‎02-10-2014

If you close a card that was issued but never used will it still count as "new account opened"? I applied for Old Navy and American Eagle Visa cards but was issued the store card which I don't really want......I did so because I have had good success with getting credit from GECRB over the past year, got the Walmart and Sams club Discover Cards and other store cards that I use. I just won't be using the Old Navy and American Eagle cards. Got too many "new accounts" over the past year,..... hope closing these two will help that and I can be able to get a few more "real" credit cards by the end of this year.

SwiftTone · ‎02-10-2014

@ecxpa wrote:
If you close a card that was issued but never used will it still count as "new account opened"? I applied for Old Navy and American Eagle Visa cards but was issued the store card which I don't really want......I did so because I have had good success with getting credit from GECRB over the past year, got the Walmart and Sams club Discover Cards and other store cards that I use. I just won't be using the Old Navy and American Eagle cards. Got too many "new accounts" over the past year,..... hope closing these two will help that and I can be able to get a few more "real" credit cards by the end of this year.

Unfortunately it's too late. At this point they will report as new accounts. I think you should just leave it open and maybe request them to lower the credit limit to minimalize the bank's exposure amount to you.

AMEX: $25,000, CSR: $10,000, Chase Priority Club: $1,500, Freedom: $5000, Freedom Unlimited: $1000, Discover: $21,000, BoA $11,000, WF Cash Wise: $5000

EQ FICO - 753
TU FICO - 755
EX FICO(AMEX) - 766

mxp114 · ‎02-10-2014

@ecxpa wrote:
If you close a card that was issued but never used will it still count as "new account opened"? I applied for Old Navy and American Eagle Visa cards but was issued the store card which I don't really want......I did so because I have had good success with getting credit from GECRB over the past year, got the Walmart and Sams club Discover Cards and other store cards that I use. I just won't be using the Old Navy and American Eagle cards. Got too many "new accounts" over the past year,..... hope closing these two will help that and I can be able to get a few more "real" credit cards by the end of this year.

They will report but you can try asking for a gesture of goodwill in the form of having the accounts suppressed from the reports. I want to stress this is a courtesy done on a very exceptional basis.