Need Advice Desperately - on reopening closed account
Here is my situation. I have had a Cabelas Worlds Foremost Bankcard for 13 years, credit limit 13K. Until last year- I never carried a balance. As of 2008, I began carrying a balance on the card but no problems with payment etc. I have one other CC, with CL of $3K. My Fico Score is 748. At the end of Feb. I decided to apply to a couple of new cards so I could transfer the balance off of the Cabelas card and save on interest. On Feb 7th Cabelas pulled my CR, and closed my account after the balance was cut by 3/4 due to transfers. None of my reports is showing a negative due tot he "closed by grantor" however, there is still a small balance on the card, and now my longest TL has been closed. I called Cabelas and was told to call back at the end of March for them to re-evaluate. My Fico is still in in the 740's - but I have 5 inquiries on my report- 2 of which are from Cabelas. Now that the account is considered "closed", do I have any luck at re-opening it? Has anyone had success with this before? I have no derogs on my report, no lates- nothing. I did NOT want this account closed, and now I'm worried that they will not reopen it, but will issue a new one at a much less limit- and another inquiry on my report. HELP.
Re: Need Advice Desperately - on reopening closed account
I called in today to find out if I requested the re-open if they would pull another bureau and they said yes. The problem I have, is I have 6 inquiries now through Equifax in the past 2 years. 2 of them are from this cc issuer- is this going to count against me if I have 2 new credit card accounts? These are the accounts that I transferred the balance too.