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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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โˆ™ 2014-09-18 00:17:06
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Q: 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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Related questions

Can you give me a sentence for the word cancel?

Can I CANCEL this credit card

How do you cancel an accidental purchase on a parent's credit card?

The only ways to cancel an accidental purchase on a parent's credit card is to cancel the order from the producer/provider or cancel it through the credit card's business.

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If you were approved for a credit card you applyed for?

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What is OAC?

On Approved Credit

How can I find out my approved walmart credit card status and amount?

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Can you cancel your credit card?

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).

If you apply for two different credit cards within a couple days of each other does that count as one inquiry and if you are approved for both and cancel one of them does that affect your credit also?

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.

Mervyns Department Store closed so how do you cancel your credit card with them?

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Is it difficult to get approved for a New York life credit card?

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If you apply for a credit card and are approved does it show on your credit report?

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Can you cancel your credit card on minecraft?

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

Do you accept all credit cards?

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

Do you accept care credit?

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

How can we cancel this credit shield in our account?

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

How can you build credit if you can't get approved for a credit card?

i don't think you can

Can you get approved for credit online if you have bad credit?

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How long does it take for credit score to improve after you cancel a credit card?

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.

Do McDonalds accept credit cards online?


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

Can a credit card stop a loan approval?

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