topic Close brand-new CC, without even activating it? in Credit Cards

Close brand-new CC, without even activating it?

Anonymous — Sat, 17 May 2008 04:37:26 GMT

I was wondering, how straightforward it is to close a brand-new CC? Do I need to activate it first? Any precautions I need to take?

Re: Close brand-new CC, without even activating it?

smallfry — Sat, 17 May 2008 04:45:26 GMT

@Anonymous wrote:
I was wondering, how straightforward it is to close a brand-new CC? Do I need to activate it first? Any precautions I need to take?

Its going to report anyway. Buyer's remorse?

Re: Close brand-new CC, without even activating it?

Anonymous — Sat, 17 May 2008 05:05:25 GMT

Its going to report anyway.

I know, the inquiry is already on my report, and closing the card will probably lower the score slightly more. But I don't worry too much about short-term lowering of my score. I'm concerned more with how cleanly it will be closed - I don't want any fees or penalties, and I want it to be recorded as "closed on customer's request". The company in question - CapitalOne - is notorious for dirty tricks. Sadly, I learned that after applying for the card.

Buyer's remorse?

No, just ridiculously low limit, which makes the card useless.

Re: Close brand-new CC, without even activating it?

rubaty — Sat, 17 May 2008 08:12:47 GMT

When I closed my Cap 1 CC's earlier this year, it was reported as closed by consumer.

edit: correct verbiage on my EX & EQ is "account closed by consumer request"

Message Edited by rubaty on 05-17-2008 10:12 AM

Re: Close brand-new CC, without even activating it?

islandchild82 — Sat, 17 May 2008 18:03:00 GMT

Is there an AF? You could just sock-drawer it for awhile and then decide what to do.

Re: Close brand-new CC, without even activating it?

Anonymous — Sat, 17 May 2008 18:19:49 GMT

You can generally call and cancel it before activation, did you look over the terms? Many cards, if you dont activate it, you dont have to do anything.