Close brand-new CC, without even activating it?

[Anonymous]

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?

[smallfry]

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@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?

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Its going to report anyway. Buyer's remorse?

[Anonymous]

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.

[rubaty]

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

[islandchild82]

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

[Anonymous]

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.