topic Re: Not activating cards. in Credit Cards

Not activating cards.

BearsAndTurtlesRtheBest — Wed, 14 Nov 2012 00:05:36 GMT

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

Re: Not activating cards.

Anonymous — Wed, 14 Nov 2012 00:08:30 GMT

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.

Re: Not activating cards.

BearsAndTurtlesRtheBest — Wed, 14 Nov 2012 00:25:49 GMT

Oh okay thanks for sharing and letting us know.

Re: Not activating cards.

bahbahd — Wed, 14 Nov 2012 00:27:19 GMT

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.

Re: Not activating cards.

Anonymous — Wed, 14 Nov 2012 00:55:19 GMT

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

Re: Not activating cards.

Repo-ed — Wed, 14 Nov 2012 00:57:45 GMT

you took the hit and the damage is done, might as well let it grow.

Re: Not activating cards.

linux007969 — Wed, 14 Nov 2012 01:00:46 GMT

@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

Re: Not activating cards.

Anonymous — Wed, 14 Nov 2012 02:01:30 GMT

@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.

Re: Not activating cards.

beb86 — Wed, 14 Nov 2012 02:04:46 GMT

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

Re: Not activating cards.

Shogun — Wed, 14 Nov 2012 02:51:02 GMT

@beb86 wrote:
If it doesnt have an AF might as well throw it in the SD

Big +1