What happens if you sign up for a credit card but never activate it?

1 ⤊

What happens if you sign up for a credit card but never activate it?

Will any penalties be assessed?

2007-03-19 11:36:08 · 2 answers · asked by Bob 2 in Business & Finance ➔ Credit

2 answers

Even if you don't activate the card or cancel the card, the card company will consider the account valid.

You won't have any penalties for simply not activating the card.
BUT if the card comes with monthly/yearly fees you will be charge the fees. If you fail to pay the fees it will lead to negative marks on your reports and the possibility of it being sold/transferred to a collection agency.

2007-03-19 11:42:44 · answer #1 · answered by echo 7 · 1⤊ 0⤋

It shouldn't hurt your credit, but it won't help it either.

2007-03-19 18:42:29 · answer #2 · answered by xskeptictankx 2 · 0⤊ 0⤋