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If you apply for a credit card do you then have an option to accept or decline if you get approved or do you have to cancel the card if you decide not to take it?

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Wiki User
2014-09-18 00:17:06
2014-09-18 00:17:06

Applying for a credit card does not mean that a person has to us it. It is advisable that the person does not cancel the card, as this actually is harmful to credit scores, while having an unused credit card can be beneficial for credit scores.

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i need to cancel my Koh;s credit card.

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Usually "on approved credit" Means if you're approved you get credit

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We had to cancel our credit card to get rid of the continuing charges

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One may always cancel their credit card, however, if one has a balance outstanding, one is STILL RESPONSIBLE FOR PAYING. From a credit reporting standpoint, it is never good to cancel a credit card because the number of open accounts is reduced and the relative credit usage is reduced (both resulting, generally, in a reduction of credit score).

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two different applications counts as two different inquiries. You should have kept both credit cards because the fact that you were applied and were approved will still show up on your credit report. Doesn't mean it will be a negative but it may still show up.

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no. most of credit card company will decline you appilication.

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It is not difficult to get approved for this credit card. They have the same general guidelines as other major credit cards.

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It will appear on the CR when the account becomes active, not when the card is approved.

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no you do not accept all credit card some must be a lie.

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WikiAnswers is a free website. We do not accept any credit cards at all.

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Yes but you have to eat the credit card and then wait until they cancel it to let it out of boody. jkjk I don't think you can o3o

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just call up banks customer care number and ask them to remove it,they may offer you many things but don,t accept it.

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In general, no, you can't get approved for traditional credit online if you have a bad credit history. You may, however, be approved online by a payday lender (in some cases, you will need to prove that you are employed and provide paycheck stubs in order to finish the process).

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Your credit score can go down when you cancel a credit card. It often will decrease because now the amount of credit available to you is less. The change in your credit score (+ or -) will be most likely updated the 1st of the following month.

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It means "generic bank decline, no info specified."

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You do not have to have exceptional credit to be approved for an American Express card. It is good to have a good credit rating for this card for better rates, but it is not necessary.

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Yes. If you are approved for a loan based on your current debt and income, and then you obtain new debt such as a credit card you may no longer meet the requirements for your current loan approval thus resulting in a decline of the pending loan.

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They usually can't cancel a policy due to credit. The rates can go WAY up though!

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Yes they accept credit card / debit as well.

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Yes if you are booking them online or by call they do accept payments by credit cards.


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