Credit One mistake

Raisondetre · ‎09-23-2019

I applied to Credit One at the start of the month, I don't know what I was thinking at the time. I also applied to Discover and got an instant approval, so I didn't want the Credit One card anymore. The card finally came last week and I was going to call to tell them I didn't want it but life happens and I brushed it to the side. I just got a statement from them today showing $75 due the middle of October. I've never activated the card so I was surprised to see a statement so soon.

Can I just call them to tell them I don't want the card and I definitely don't want to pay the fee? I've never dealt with them before so I don't know how they are once a fee is involved.

Most Used
Amex Hilton Honors Aspire - $30K
Amex Hilton Honors Business - $10K
Amex Amazon Prime Business - $12.4K

Used sparingly or in sock drawer
X1 Visa - $27K
PenFed Gold Visa - $9K
NavyFed Cash Rewards - $5K
Care Credit - $20K
Walmart Mastercard - $2K
Tractor Supply card - $6K
Amazon Prime Synchrony Card - $10K
Home Depot card - $12K
PNC Points - $13K
FNBO Evergreen - $2.8k
Discover It Chrome - $2.8K
Discover it Cash Back - $1K
FNBO Visa Signature - $1K
Commence Bank Special Connections - $2K
WF Reflect - $4K

Fico scores September 2023
Equifax - 786
Experian - 770
Transunion - 776
Had scores in the 500s 5 years ago

PutThatMoneyOnTheTable · ‎09-23-2019

Call customer service, every CCC should have a grace period that allows you to cancel a card you haven't used or activated and of course have the fee removed (because we don't pay for things we haven't used and have no intention of using).

Good luck

Amex BCP $35k
Chase FU $19.6k
BOA Cash Rewards $36k
BJs Perks Plus M/C $22k
Cap1 QS $4,950 (AU)
Best Buy $4k
Wells Fargo Active Cash $11.3

Itgem679 · ‎09-23-2019

Call them and cancel before paying the statement. Once the $75 statement is paid, that is an agreement with them to have the account.

Gardening until 2023. Current scores (11/2022): Ex: 757 Eq: 757 Tu: 757
CLs: (As of 12/2022)
First Tech World Mastercard: $10k
American Express: $1K
AAdvantage: $2.8K
Wells Fargo Platinum: $4.6K
Discover It (blue): $4.5K
Discover It (red): $4.5K
~6 other cards with limits under $2K
Auth'd user on 1 Capital One card.
All balances stay under 5%.

Anonymous · ‎09-23-2019

Just so you know whether or not you decide to call and cancel it will still appear on your credit report. “Closed by consumer”. I have heard of some banks not reporting the card if you cancel immediately. If that happens great, but the expectation is that it will get batch reported with all the other new accounts.