i got a chase freedom rewards card but i want a chase bp card now, i havent activated it? what can i do?

Question

do i have to call chase and cancel it? is it even valid yet because i have not activated it?

because i have not activated it yet can i just leave it alone and cut it up? or do i have to call chase still?

Answer 1

Even if it isn't activated, Chase will still consider it an active account.

You might contact Chase and ask them to convert the Freedom card into the BP card.

Answer 2

The answer from Echo is correct!

You have a credit line with Chase already. The credit card they sent you is just one method of using that credit line. To cancel it all together you'll have to contact them via mail or phone.

Having that said, Chase should be able to convert your card to the BP card without much hassle. Think of it this way - the freedom card you have now is enrolled in a program that based on your purchases - will yield you something. And converting to the BP card usually isn't anything more than just a switching of the program your card is enrolled in. However, some programs have higher credit bureau score requirements, because the rewards that program yields is of high value to the issuing bank, and the credit restrictions have been selected with the program reward issuer.

It shouldn't be too hard though - They've always taken great care of me!

Hope this helps!!

Answer 3

The Chase Freedom(SM) Cash Visa(R) Card offer terms mention the APR as 14.24 variable. However a look at the terms and condition of this card and you find that there is a lot more to the APR's than this figure. Let us analyze it a bit more.

APR stands for Annual percentage rate. It is the interest rate that credit card companies charge on the outstanding balances. The first thing to note is that the APR is available for three different pricings. The Elite, the Premium and the Standard. The APR varies for these three pricing range. The Chase Freedom(SM) Cash Visa(R) Card has a 0% fixed APR for the first 6 billing cycles for the Elite and Premium pricing. After this 0% intro APR period is over the APR will change to 14.24% variable for Elite pricing and 18.24% variable for Premium pricing. The main point to note here is the APR's for Standard pricing. For this category there is no 0% intro APR period and the APR rate is 23.24% variable from the day of account opening.

The credit card issuing company first considers for the pricing with the lowest rates. Depending on a review of your credit history and other information a person can get the Chase Freedom(SM) Cash Visa(R) Card at the lowest rates or alternative rates. The credit card company if finds that a particular applicant is not suitable he or she might not be allowed to open an account.

The second thing to note is that all these APR's except the 0% Intro APR are variable. A variable APR means that it can vary over a period of time. The variable APR is tied to the prime rate. The "Prime Rate" is the highest prime rate published in the Money Rates column of The Wall Street Journal two business days before the Closing Date on the statement for each billing period. Variable APR's are based on the 8.25% prime rate on 07/05/2006. The variable APR is an APR rate added to this prime rate subjected to certain minimum. Get more detail about it at: http://www.credit-card-gallery.com/Chase.html

Answer 4

Nope, you have to call them. Even if you don't activate it. I had a chase card as well. I never activated it. It's still on my credit report as stating the original balance. Though the account is in good standing, I can never use it, it was years ago. I don't think you'll find many more benefits to the bp card that you won't find with this one. Do yourself a favor and pay the card off in full every month. Do role over a balance, it's not worth it to come up short or late. Good luck to you.

Answer 5

Simply don't activate it, just cut it up and don't use it.
To make sure I would call them to verify. Keep in mind some credit cards have an annual fee and you may be responsible for that fee once the account was opened.