If I Don’t Activate a Credit Card what happens
If you don’t activate a credit card, the card issuer will typically close the account after a certain period of inactivity. This is usually around 30 days, but it can vary depending on the issuer.
Here are some of the things that can happen if you don’t activate a credit card:
- The card will be closed. You will not be able to use the card for any purchases
- You may be charged a fee. Some issuers charge a fee for not activating a card
- It may affect your credit score. If the account is closed, it could affect your credit utilization ratio and your credit history
If you’re not planning on using a credit card, it’s best to contact the issuer and ask them to close the account. This will help to avoid any potential negative consequences.
Simply applying for credit can impact your credit score
First, even though you need to activate the card in order to make purchases with it, the act of activating a credit card doesn’t have an effect on your credit score. By going through the process of applying for a new credit card and opening the new account, you have already been approved for a certain credit limit, even if you never activate the card.
The key action that affects your credit score is applying for that card in the first place. During the process of applying for a new credit card account, your credit history has already been pulled and checked by the credit card issuer, and that “hard inquiry” may have an effect on your credit score.
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What happens if you never activate a credit card?
If you get a card with an annual fee, you risk missing this payment if you never activate your card, which may hurt your credit score. This fee is often charged on your first bill and repeats annually on the anniversary of your account opening. Missing it or making a late payment toward it can negatively affect your credit score.
Once you have the new credit card, any impact on your credit score—as a result of applying for the new credit account—has already occurred. So, as far as your credit score is concerned, any impact to your credit score happens after applying for the card, not as a result of activating the card.
How long do you have to activate a credit card?
Your card issuer may contact you if you haven’t activated your card after a certain amount of time (typically 45 to 60 days depending on the issuer) to determine if you received it. If you wait longer than that, you may need to request a new card; and if you wait even longer than that, card issuers typically close accounts that aren’t used within a certain time period.
