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Question By
usziel

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0 People Helped
if close non activated Credit card , credit score will go lower?
applied at credit one bank and got approved but apr too high and they charged upfront , havent activated it but they sent the bill anyways

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Read the terms and conditions of the card to see if you are stuck paying for it or not. If you are obligated to pay then keep it open and if not you could close it if you want to avoid the fee. I am not aware that they charge up front, I thought that their fees were split up among monthly payments. If you are concerned about building credit, the card may be worth the cost to keep for a year or two. With this card you can build your scores up to get better cards, before you cancel this one. Always make sure that you read all of the terms and fees of a card before you apply for it.

Reply by
usziel

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thank you so much for the info, they gave me a limit of $500 but they charged the card or account for $75 so i have to make payments. the terms says that i can still reject this plan, if i have not yet used the account , if i do reject the plan im not responsible for any fees or charges.  i guess ill call them tomorrow and see what i can do about it.

Thank you

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