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HELP! Canceled credit card before using it, will it affect credit score?

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Princess86
New Member

HELP! Canceled credit card before using it, will it affect credit score?

Hi all,

 

I signed up for a MC with US Airways inflight and called afterwards to try to cancel the application. Fast forward 2 months they sent me a card anyways and I closed the account before using the card. How will this affect my credit and for how long? Is there any way for me to call the credit bureau and tell them the situation so that it doesn't affect my credit?

 

Thanks

Message 1 of 6
5 REPLIES 5
HeilFico
Regular Contributor

Re: HELP! Canceled credit card before using it, will it affect credit score?

I had a Chase Slate that I cancelled the same day I was approved for it. It showed up on my credit about a month later. It did not mess with my score at all. If you have any "manual reviews" you may need to explain it, but that's about it. Smiley Happy

Message 2 of 6
Smug
Established Contributor

Re: HELP! Canceled credit card before using it, will it affect credit score?

i did the same with 2 cards you will be fine
Experian® 808/Equifax® ?/TransUnion® 810
Baddies Experian® clean/Equifax® 1/TransUnion® Clean
Last CLI 6-13-2013
Total Credit $121,190.00
Goal 780!
Message 3 of 6
HiLine
Blogger

Re: HELP! Canceled credit card before using it, will it affect credit score?

The card application gave you one or more credit inquiries, and the card itself lowered your average age of accounts. Beyond that, nothing really. If a future lender demands an explanation, just tell them you changed your mind about the card at the time.

Message 4 of 6
Princess86
New Member

Re: HELP! Canceled credit card before using it, will it affect credit score?

Thanks for all the replys! 

Message 5 of 6
enharu
Super Contributor

Re: HELP! Canceled credit card before using it, will it affect credit score?


@HeilFico wrote:

I had a Chase Slate that I cancelled the same day I was approved for it. It showed up on my credit about a month later. It did not mess with my score at all. If you have any "manual reviews" you may need to explain it, but that's about it. Smiley Happy


Call Chase and see if they're willing to take it off your CR.

From what I've read, they seem to be willing to delete the new account from your CR, but not the inquiry. So at least you don't take an unncessary hit to your AAoA.

 


@Princess86 wrote:

Hi all,

 

I signed up for a MC with US Airways inflight and called afterwards to try to cancel the application. Fast forward 2 months they sent me a card anyways and I closed the account before using the card. How will this affect my credit and for how long? Is there any way for me to call the credit bureau and tell them the situation so that it doesn't affect my credit?

 

Thanks


It will not affect your credit much. All it did was to report a new account, which lowered your average age of accounts, and you took 1 inquiry for it.

You can try calling Barclays to see if they're willing to delete it off your CR. If they say no, no harm done regardless.

 

 

 

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