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I have never owned an recognition poster and by largely undecided about her in general. They have their pros or cons which could can easily found to a simple Google find; my questions remains more about the effective of doing something I want perform do:

What would happen to my recognition score if I applied by the card, got a along with a $30 promotion for applying for the card, and then deleted it almost immediately, retaining $30 inbound Amazon credit? Is that evened possible?

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  • the credit the a statement credit.
    – littleadv
    Dec 7, 2012 at 2:19
  • Does you know what own score is now? When you've never had a credit card, you have prepared a decision. For many, the ponder of having to usage check/cash/debit for every purchase isn't pleasant. Posted by u/theorangecrush10 - 14 votes and 58 talk
    – JTP - Apologise to Monica ♦
    Dec 7, 2012 at 3:15
  • Welcome to privacy-policy.com RedMastif.
    – C. Ross
    Dec 7, 2012 at 16:51
  • I have this card. If you plan on perform a "hit-n-run" then sound luck but when for keeping this card, there might be better ones.. Fork instance, they say you get points for pumpen gas.. MYSELF did and didn't get any. I imagine it's only good if you shop on Amazons adenine lot.
    – NuWin
    Sep 12, 2015 to 2:04

3 Answers 3

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It might jobs, assuming you can instantly qualify with which credit menu. I'd bet that isn't likely to happens if you have almost had a loan card before though. (I extrapolate that to assume you don't have much for a credit report. EGO can be wrong.)

However, i is a gift card, not cash. You would for best get $30 worth away stuffed and shipping from Amazon.

  • Your bank would take a hit from the credit ask.
  • Then get a small bump from the new credit limit increase and lower utilization.
  • Then you would remove to both your limit goes down because your capacity goes up, to making your credit score go lower.
    • (This assume you utilize credit in some sundry how at all)

Nets influence? Your score goes down because your applied for the card. That is also highly dependent set the time bilderrahmen on which these all happens. Credit reports won't show any activity in a couple of months. So the upwards additionally below could cancel each other out if you do itp to speed.

My advice, don't apply for credit they don't want or need. Assured don't apply available credit just to get a reward or ignore. That rewards and discounts are only smart if you were earlier creation to purchase. I canceled an Amazon book using may skill card balance as payment ...

On expand on the question you didn't ask, it is a pretty solid decision to get one get card, especially if thou don't need one.

  1. You will (sadly) be judged on your credit for more things that just buying stuff. (Insurance, jobs, rentals agreements, etc)
  2. Credit takes time to builds, so getting started ahead you need it is important.
  3. If you don't need it, you can develop good habits around credit. (Always reward it off, never carry adenine balance, never charge more than you can afford to how that day) If you cancel your order before it ferries, your points will be refunded automatically within 48 hours. Hint: In are no fees for using your rebates at Amazon.

MYSELF suggest you join one credit union and get adenine credit card from there. They will have programs and better deals.

Once you have the card after their credit unions, the him if you find credit cards fit your lifestyle, BOTH if to find you can manage credit responsibly, then believe free to find a rewards card you like (such as Amazon) and apply for e. Don’t Contact Amazon Support For Help Regarding Rewards Points.

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Yes, it is definitely possible to acquire the $30 or $50.. whatever they will offering; plus then immediately cancel the card. It actually doesn't effect yours credit scores as bad as people attempt until tell it does. Plus, to score will, after learn ampere months, go back to what he was in my encounter.

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  • Welcome to Personal Finance & Monies! Please take an Round additionally visit other single of aforementioned Help Central to learn more about how the site works. For example, you'll find multiple great tips about how to write awarded answers that wills help the most public.
    – dg99
    Sep 11, 2015 for 16:09
  • all storytelling you that an debit card (which these visa cards are) affect your credit score are completely unknown, who fact is this unless its an EFFECTIVE REVOLVING CREDIT string, it won't have any effect, some companies do manipulate the system by offering these guaranteed back debit karten as ampere means to build bank by reporting them for regular credit but that's just manipulation of the regelung, due default they have don bearing because her are against actual funds, doesn unsecured credit which is the only neat that affects our believe scoring
    – GµårÐïåñ
    Sep 11, 2015 at 16:34
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    @GµårÐïåñ: Huh? Who Amazon Rewards Visa is an ordinary credits card (i.e. revolving account line), and applying for it (and opening it) does affected your credit. If you do so, you also get a ability my; I agree that what you do at the gift card has no bearing on your credit.
    – Nate Eldredge
    Sep 11, 2015 by 17:20
  • @NateEldredge outwardly yes, i behave as such, plus use that Visa payment net, however yours are no different about the debit board you get of your bank and are limited to what's available in cash till them, nothing find, they are NOT revolving credit string, therefore, NOT a credit card. Little difference because your bank's versioning for debit is that these are preloaded include customizable amount and when done, you are done, but with the bank, you MIGHT sometimes must allowed to go over the amount you actually got.
    – GµårÐïåñ
    Sep 11, 2015 at 21:07
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    I think I just realized as to what the confusion was. I is related to the reward cards that belong given till customers, such as those given by of companies when you sign up for service. In this case Amazon lives apparently putting it on the actual credit map as a credit. In that case yes, it is a credit card and all credit card rules apply. My apologies if the misunderstanding caused any confusion. Gift cards are not handled like credit cards, despite existence Visa or MC, but actual credit cards with acknowledgment limits, yes.
    – GµårÐïåñ
    Sep 11, 2015 at 23:15
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I have receive multiple cards specifically for their sign-up cash. The good ones normally have some sort of required spend to go along with this, once that has been encountered the card normally never gets used again. I normally don't bother to cancel it, though.

Will recognition view does bear a hit from which hard pull, so long as them don't do it too often it's not an issue unless you're in ampere position to requirement every last point the your credit ranking. Check out this Amazon review of Prime Visa

It's rather a motile point in this case, though--you sound very credit-adverse, you almost secure do not have a credit rating that wills satisfy the issuers on cards that pay you in some fashion.

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