When is a credit card officially opened?

Anonymous · ‎08-07-2015

I'm trying to do some balance transfers to my new Discover card. They say I have to wait 14 days after my account was opened before the processing can begin

Does the account officially open on the day I was approved? Or is it on the day I activated the card?

GoldSorata · ‎08-07-2015

I believe it's approval date. Activating the card is just that, activating the card and not the account itself.

Anonymous · ‎08-07-2015

Thanks!

Anonymous · ‎08-07-2015

@GoldSorata wrote:
I believe it's approval date. Activating the card is just that, activating the card and not the account itself.

+1 - it's from the moment you're approved.

Themanwhocan · ‎08-07-2015

US Bank, Elan, and First National Bank of Omaha, all backdate your account opening to the 1st of the month.

TU-8: 804 EX-8: 805 EQ-8: 788 EX-98: 767 EQ-04: 752
TU-9 Bankcard: 837 EQ-9: 823 EX-9 Bankcard: 837
Total $443,800

kdm31091 · ‎08-07-2015

The moment you are approved the account is open and cant be "undone"