General Credit Topics

[shyy22]

Hi,

I applied for the Amazon card only to cancel when I found out I had a $800 credit.  Since this credit was too small, I told the rep on the phone to cancel the card.  I check my report and I see that the card is listed.  I thought this was cancelled.  I know opening and closing an account can negatively affect credit.  I feel this is wrong because I instantly after approval canceled the card.  Can this type of account be removed?  If so how?  Thanks!

Company Contact Information: PO BOX 965005,  ORLANDO,  FL 32896

Account Number:N/A   Date Opened:N/A Date Reported:01//05 Credit Limit:N/A Balance: $0 Comments:Account closed by consumer

GECRB/AMAZON PLCC

Company/Account Name:	GECRB/AMAZON PLCC
Company Address/Phone:	PO BOX 965005, ORLANDO,  FL 32896
Account Number:	N/A
Date Opened:	N/A
Last Activity:	N/A
Type:	Revolving account
Rate/Status:	N/A
High Credit:	N/A
Terms:	N/A
Balance:	$0
Past Due:	N/A
Most Recent Date Reported:	01//05
Comments on Account:	Account closed by consumer

[pizzadude]

If this account is from 2005, then I wouldn't do anything because it is contributing to your AAoA ( average age of accounts ).   This is a 7+ year old account now.

[shyy22]

It is possible I did sign up for this card in 2005.  If this is so, I have carried a $0 balance all these years.  This still counts even though its already closed?  Can't believe I signed up for the same card twice, I though if I was already approved, wouldn't the sales rep know about this?

Thanks

[pizzadude]

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shyy22 wrote:

It is possible I did sign up for this card in 2005.  If this is so, I have carried a $0 balance all these years.  This still counts even though its already closed?  Can't believe I signed up for the same card twice, I though if I was already approved, wouldn't the sales rep know about this?

Thanks

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FICO includes both open and closed cards in your average age of accounts ( AAoA ).   So this card is probably helping you because of its age.

[pakman92]

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pizzadude wrote:

If this account is from 2005, then I wouldn't do anything because it is contributing to your AAoA ( average age of accounts ).   This is a 7+ year old account now.

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I guess it's only helping the OP if his AAoA is less than 7 years.

[kjm79]

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shyy22 wrote:

It is possible I did sign up for this card in 2005.  If this is so, I have carried a $0 balance all these years.  This still counts even though its already closed?  Can't believe I signed up for the same card twice, I though if I was already approved, wouldn't the sales rep know about this?

Thanks

---

Is Amazon reporting twice??  From the post above, that's one account from around 2005.  If you say you closed it immediately, it still would go on your report and be reported as a closed account.  And yes, closed accounts can remain on your report 10+ years from the date of closure are included in your AAoA. 

[FrugalRican]

For future reference, OP, don't be so quick to close GE cards. Sometimes they tend to be very "nice" on the credit limit increase side. That card easily could have been in the thousands by now. But it looks like it is helping your AAOA, so just leave it alone, I'd say.

[shyy22]

Odd, I checked the report today and this is what it shows

GECRB/AMAZON PLCC

PO Box 981432
El Paso, TX-799981432
(866) 634-8379

Account Number:	604578101300XXXX	Status:	PAYS AS AGREED
Account Owner:	Individual Account.	High Credit:	$0
Type of Account :	Revolving	Credit Limit:	$800
Term Duration:		Terms Frequency:	Monthly (due every month)
Date Opened:	04/2012	Balance:	$0
Date Reported:	04/2012	Amount Past Due:
Date of Last Payment:		Actual Payment Amount:
Scheduled Payment Amount:		Date of Last Activity:	N/A
Date Major Delinquency First Reported:		Months Reviewed:	N/A
Creditor Classification:		Activity Designator:	Paid and Closed
Charge Off Amount:		Deferred Payment Start Date:
Balloon Payment Amount:		Balloon Payment Date:
Date Closed:	04/2012	Type of Loan:	Charge Account
Date of First Delinquency:	N/A
Comments:	Account closed at consumers request

[shyy22]

Is this possible to dispute to remove?, shows I oepned and closed on the same month.  I asked for a credit increase and was denied, the reason why I closed the account.  I didn't think this card would show up since I never got the card and cancelled right after.

Thanks