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Key takeaways. You can cancel a credit card application by calling or emailing the credit card company's customer service department — but you've limited time to act.
Step 3: Call your credit card company. Once you’re sure about your decision, call your credit card issuer and request a credit card cancellation.
When you close a credit card account, you reduce your total available credit. This may increase your credit utilization ratio, which can decrease your credit score. Here’s an example:
People with good or excellent credit have the best chance of getting approved for an instant approval credit card. The bottom line The best way to avoid a pending status is to provide complete and ...
Instant credit card number: Credit card issuers offering instant approval typically give you a digital card number that you can use online or in your digital wallet. Sometimes this number matches ...
That said, credit card issuers cannot increase your annual fee or charge you new fees after you close a credit card. Closing a card with a balance can also help you avoid paying the annual fee for ...
4. Pay Down Debt First. Pay down outstanding debt on existing cards before applying for a new credit card. Typically, it’s good to keep outstanding balances below 30% of your credit.
When you apply for a new credit card, getting approved may not always be a slam dunk. Keep reading to find out why. Top 5 Reasons Why Your Credit Card Application Was Rejected