Cant decide whether to keep the card active

Post reply Start a topic

Author

Message

Options

	Print this topic
	Invite a friend
	Email this topic

Bookmark online

	Add to del.icio.us
	Add to YahooMyWeb

Indee
Guest

Subject: Cant decide whether to keep the card active

Thu Sep 02, 2010 6:13 am

Hi all,

I am planning to close one of my accounts once the dispute on this account is settled. However this very bank sent me a platinum signature card and I'm wondering what to do with it - to keep it active or close it.

I didn't physically activate the card till now, so can a crook use it in any way? Another consideration is that if I don't activate the card within a certain time frame, will it trigger a fraud alert or freeze? I heard Discover reissues another card if there's no activity for 2 months.

What should I do?

Aaron

Joined: 08 Feb 2010
Aaron's page
Posts: 2675

48566 Magic Points

Subject: card active

Thu Sep 02, 2010 9:15 am

Hi Indee,

Yes, banks do close down an account after a period of inactivity. This time period varies from bank to bank. However, in your case I think you can talk to the bank about the problems you are facing. In addition ask them if this account can be closed down.

Thanks,

Aaron
_________________
Keep in touch Smile

Quick Reply

Your Name

Subject

Message body


Page 1 of 1

Home|Contact Us|Terms of Services|Privacy Policy|RSS

* Disclosures:

Your personal details (name, email address and phone number) will be delivered to the company advertised on the Creditmagic after ve agreed to go for the counseling session by filling out the no-obligation form. However, it is your discretion to accept or reject their services.
Not all the creditors/debt collectors agree to trim down the outstanding balances, interests, and fees payable by the consumer.
Consumers working with the debt relief companies can still be sued by the creditors/collection agencies.
Debt relief services may have a diminishing effect on the creditworthiness of the consumer. The total outstanding balance may increase as the additional fees get accrued.
The overall amount saved by the consumer through the debt relief services is considered as taxable income by the IRS.