Cancelling credit card question

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Cancelling credit card question

Postby thegameksk » Mon Mar 14, 2011 5:15 pm

Hi all. I recently applied for a Best Buy Visa card. I was denied and instead giving a Best Buy store card. I havent used the card and havent even activated it yet. The card has a high api and low balance (400). If I cancel it will it hurt my credit score? Thanks

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Postby sdfinch » Thu Mar 17, 2011 2:45 pm

No it will not. You have no history with them yet.

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Mogul of Pineapples
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Postby Mogul of Pineapples » Sun Mar 20, 2011 5:55 pm

sdfinch wrote:No it will not. You have no history with them yet.

The activation is typically to confirm receipt so the account can be used. It should still show up on the credit report, at least according to what others on here in similar situations have claimed.
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.

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