topic When is a credit card officially opened? in Credit Cards

When is a credit card officially opened?

Anonymous — Fri, 07 Aug 2015 20:02:38 GMT

I'm trying to do some balance transfers to my new Discover card. They say I have to wait 14 days after my account was opened before the processing can begin

Does the account officially open on the day I was approved? Or is it on the day I activated the card?

Re: When is a credit card officially opened?

GoldSorata — Fri, 07 Aug 2015 20:04:59 GMT

I believe it's approval date. Activating the card is just that, activating the card and not the account itself.

Re: When is a credit card officially opened?

Anonymous — Fri, 07 Aug 2015 20:11:05 GMT

Thanks!

Re: When is a credit card officially opened?

Anonymous — Fri, 07 Aug 2015 20:27:28 GMT

@GoldSorata wrote:
I believe it's approval date. Activating the card is just that, activating the card and not the account itself.

+1 - it's from the moment you're approved.

Re: When is a credit card officially opened?

Themanwhocan — Fri, 07 Aug 2015 23:17:35 GMT

US Bank, Elan, and First National Bank of Omaha, all backdate your account opening to the 1st of the month.

Re: When is a credit card officially opened?

kdm31091 — Fri, 07 Aug 2015 23:29:56 GMT

The moment you are approved the account is open and cant be "undone"