Equifax

Dear Opening Credits,What will happen to your credit score when you apply for a credit card, you get approved and the credit card is sent to you, but you never activate it and never use it? The reason why I never activated the credit card is because the credit line is very low ($400) and the annual fee is very high ($99). - Lilyana Dear Lilyana,The credit card that you applied for and have now received is an open account. It doesn't matter that you never called the number on the back of the card to bring it to life or have yet to make a purchase with it. To the credit issuer -- and the credit reporting agencies -- it's good to go.Now that you've taken a closer look at the terms, however, you would rather not have the card at all. I can understand that, as the credit line is on the low side and would not have afforded you much flexibility to charge the things you may need. The annual fee is also quite high compared to that limited borrowing power, too. Had you read about the terms befor...

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