If I get a credit card and don't activate it, will it cancel itself out after a certain amount of time and If it's not activated will it show up on my credit report?
2007-02-03 12:08:17 · 5 answers · asked by dontknow 1 in Business & Finance ➔ Credit
Activating a card has ABSOLUTLY NOTHING to do with your credit report. If you have a Credit Card the acct is open. Even if you don't activate it you still have an acct. You cannot use the card without activation, but that is where activating a card affecting you ends. If you do not want the acct close it. Some Credit Card companies will close accts after certain periods of inactivity, but don't count on it. Unused credit WILL affect your credit report and score. It affects your Debt-to-Income ratio, whether or not you use the card doesn't matter. ANY open acct is Potential debt, and will effect your credit worthiness. Any acct you don't use you should close, however it is also bad to have "young" accts. "BT Surfing" can negatively affect your credit as well. BT Surfing is when you have a balance and transfer it to another acct, when the intro 0% runs out, transfer to another card, close the card, and repeat, etc. Credit Card companies can see this very easily on your credit report, and it make you a non-profitable acct, and a lot of the time they will low-ball the Line of Credit to you. Like wanted to transfer $10,000 from your current acct to the new one, if you are a BT Surfer you may only get a Line of Credit of $3,000, so the company can limit their loss. They know you are just going to transfer it again in a year, so why should let let you take advantage of them? It is best to have older accts on your credit report, and to utilize less than 50% of the Line of Credit, but at the same time you use them on a consistent basis.
2007-02-04 08:41:42 · answer #1 · answered by quarlow 2 · 0⤊ 0⤋
there are countless IF's there. the quick answer is certain it would want to happen. If someone develop into in a position to call from interior your position that is all that countless the agencies require. although, it may should be someone with person-friendly get admission to to the domicile. someone like a relative or housekeeper. And it truly is definitely isn't unprecedented. As a majority of the identity robbery victims had their identity stolen through someone they knew. yet for someone who has no person-friendly get admission to to the domicile, the prospect is extremely distant. There are only too many different strategies theives can do those type of issues that they received't flow via all of this worry.
2016-11-24 23:15:37 · answer #2 · answered by Anonymous · 0⤊ 0⤋
If you ignore the card, and they claim you activated it, where is your proof? Cancel the card in writing and request written confirmation.
2007-02-03 12:41:18 · answer #3 · answered by STEVEN F 7 · 0⤊ 0⤋
No worries. Except you need to ensure there is no annual fee associated with the card -- they may have already placed an initial fee on your card.
2007-02-03 12:11:15 · answer #4 · answered by Anonymous · 0⤊ 1⤋
No, it will not show up if it's not activated.
2007-02-03 12:10:24 · answer #5 · answered by JADE 6 · 0⤊ 1⤋