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If u apply for credit card but dont activate it. are you still liably for any yearly bills?

I applied for credit card and they are sending it. But I heard it was a horrible bank to go through with bad customer service and holding payments so they will be late and charge late fees. I don’t really want this headache so was wondering if by not activating it will make me not obligated to the agreement.

Cancel the card if the company truly makes you nervous. Not activating the card just prevents you from using the card, it’s still an open account. If you don’t activate the card, then they cannot hold payments and charge you late fees because you cannot use the card if you don’t activate. However, if they start programs that charge monthly fees, you’ll be responsible for those fees. In addition, if they charge an annual fee or if they begin charging an annual fee, you’ll still be responsible.

This entry was posted on Thursday, November 18th, 2010 at 9:59 am and is filed under apply credit card. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

2 Responses to “If u apply for credit card but dont activate it. are you still liably for any yearly bills?”

  1. Ryan M Says:
    November 18th, 2010 at 3:42 pm

    No it does not. Why not just act like a responsible adult and CANCEL the card??
    References :

  2. spalmer Says:
    November 18th, 2010 at 4:30 pm

    Cancel the card if the company truly makes you nervous. Not activating the card just prevents you from using the card, it’s still an open account. If you don’t activate the card, then they cannot hold payments and charge you late fees because you cannot use the card if you don’t activate. However, if they start programs that charge monthly fees, you’ll be responsible for those fees. In addition, if they charge an annual fee or if they begin charging an annual fee, you’ll still be responsible.
    References :

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