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Cancel Days After Approval?

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Community Leader
Valued Contributor

Re: Cancel Days After Approval?

I wouldn’t close it JUST because of the AF incident. However, if you don’t think you’ll use it, then I would close it. 

 

Fun fact: I actually did this with this exact card. Shame on me for apping for Venture when I don’t even travel lol. But I closed it before the card even arrived. I. Don’t. Keep. Cards. I. Don’t. Use. 

Discover It: 19.7k
Amex BCE: 18k
Citi DC: 5.7k
~~~~~~~~~~~~~~~~~~
Once you go Berner, you never go back.
Message 11 of 28
Community Leader
Mega Contributor

Re: Cancel Days After Approval?

I thought you cancelled yours because of the low SL. 

 

 

EX 759 EQ 774 TU 753


Message 12 of 28
Moderator

Re: Cancel Days After Approval?


@Remedios wrote:

I thought you cancelled yours because of the low SL. 

 

 


And I thought she cancelled it because Discover wasn't keen on the idea of polyamorous relationships with other CCs Smiley Very Happy

Message 13 of 28
Community Leader
Mega Contributor

Re: Cancel Days After Approval?

🎵If you like it, then you shoulda put socks on it🎵
EX 759 EQ 774 TU 753


Message 14 of 28
Community Leader
Super Contributor

Re: Cancel Days After Approval?


@Remedios wrote:
🎵If you like it, then you shoulda put socks on it🎵

Queen Bey Heart

Message 15 of 28
Community Leader
Valued Contributor

Re: Cancel Days After Approval?


@Remedios wrote:

I thought you cancelled yours because of the low SL. 

 

 


I did lol. In the other post I didn’t say WHY I closed it so soon. 

Discover It: 19.7k
Amex BCE: 18k
Citi DC: 5.7k
~~~~~~~~~~~~~~~~~~
Once you go Berner, you never go back.
Message 16 of 28
Frequent Contributor

Re: Cancel Days After Approval?

I recommend giving yourself a week before you decide. That way you won’t do anything rash because you are angry and you won’t regret it later. If in a week you still want to close it then do.
Current Cards (in order they were approved with current limits):
Cap1 QS (plat.) $2750
Kohls $3K
Cap1 Savor $15K
PenFed Power Cash Rewards $2K
NFCU CashRewards $2K
Disco It #1 $5.8K
NFCU MoreRewards $4.5K
Cap1 Venture $30K
PenFed Gold $2K
Ollo Rewards $3.2K
Sync Amazon $10K
NASA FCU Platinum Cash Rewards $3K
Disco It #2 $7.5K
DCU Visa $10K
NFCU Flagship Rewards $15K
Sync Care Credit $15K
PenFed Power Cash Rewards #2 $39K
WF Propel $4K
Comenity AKC $10.5K
Apple (GS) $6.5K
TD Cash Credit Card $6K
Rakuten Siggy Visa $6.5K

BK 7 discharged July 2016



Message 17 of 28
Senior Contributor

Re: Cancel Days After Approval?

If a bank really upset me, I'd take more pleasure from finding ways to be a really unprofitable customer than from closing my account.

 

Close a card within days and the bank loses a few dollars of CSR time, paper, and postage.

Close after hitting minimum spend and in this case it's $500 off their balance sheet and onto mine.

 

Of course, I tend to be an unprofitable customer anyway (Amex and maybe Chase excepted).

Most spend: CSR, CFU, BBP
Rewards/AAoA ballast: CF, Discover, Costco, ED, Arrival
Perks: Schwab Platinum, IHG49, Hyatt75, Brilliant, Delta Platinum
Potential closures/downgrades: Savor, BCP, Double Cash
Message 18 of 28
Community Leader
Senior Contributor

Re: Cancel Days After Approval?


@CreditInspired wrote:

There's no sense in cancelling because you already took a HP for it. Just SD it if you don't plan on using it.


Actually you probably took 3 hits.

EXP 760 TU 781 EQ 733
Message 19 of 28
Community Leader
Super Contributor

Re: Cancel Days After Approval?


@Jnbmom wrote:

@CreditInspired wrote:

There's no sense in cancelling because you already took a HP for it. Just SD it if you don't plan on using it.


Actually you probably took 3 hits.


I thought about that Jnbmom and I bet you're right.

GOALS: Garden til APR 2020 and 800 Club


SEP 2019: EX 791, TU 797, EQ 800
JUN 2019: EX 788, TU 794, EQ 779
DEC 2018: EX 777, TU 783, EQ 799

|| AmX Cash Magnet $25K || NFCU CashRewards $20K || Macy's $20K || Discover IT $18.7K || NFCU CLOC $15K || NFCU Platinum $12.5K || AmX ED $11.5K || CitiCostco $7K || CitiDC $6.3K ||
Message 20 of 28
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