Does canceling an unactivated credit card affect credit score?
A web user asks, I wast just trying to have the limit of my credit card increased and my bank applied for a new one for me. Since I don’t need a new credit card I want to t cancel the new one without ever activating it- will this affect my credit score?
Can you help them out? Post your advice!
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Posted in Credit
no..at least it never did for me
no it does not
If it’s already in your name, it’s already on your report, whether or not you activate the card itself has nothing to do with it. It won’t hurt your score, it will just show up that credit is available to you….even if not activated.
So did your bank send you a new card? If they did and it was because you were approved for a higher credit limit then you shouldn’t cancel the card. If you cancel it, it will cancel your credit card with that bank altogether, because technically it’s still the same account (even if the card numbers are different). Doing this will affect your credit. Just go to the bank and talk to someone and tell them you’re not interested in having a higher credit limit and to please replace it to what it was before.
If it’s a different card altogether then it shouldn’t affect your credit. For example, if you have a “Visa Silver” but now you have been updated to a “Mastercard Gold” then cancelling the MC Gold, while having never been used won’t affect your credit.
I hope this helps.
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