Reply
Established Member
Posts: 25
Registered: ‎09-23-2010
0

Options on a closed Citi card?

I have a citi card that they closed on me 2 years ago for lack of use.  When they closed it they lowered the credit limit from $1,000 to $500.  I had not lates or high balances at the time and just did not use the card for even small things.  Part of the challenge is that this just sits there at a $500 CL and I cannot do anything to have it help me such as reopen it and eventually raise the CL through periodic good use.

 

Question is, if I ask them to reopen the card, will they do a hard pull?  any other hidden danger in trying to revive this and put it to work for me?  Or should I just leave this sit there for another 5 years?

 

Any suggestions?


TU Starting Score (09/23/10): 682 | EQ Starting Score (09/23/10): 697
TU Current Score (10/16/2010): 721 | EQ Current Score (10/16/2010): 735
TU & EQ Goal Score: 761


Take the FICO Fitness Challenge
Epic Contributor
Posts: 24,800
Registered: ‎10-23-2007
0

Re: Options on a closed Citi card?


nickbrodie wrote:

I have a citi card that they closed on me 2 years ago for lack of use.  When they closed it they lowered the credit limit from $1,000 to $500.  I had not lates or high balances at the time and just did not use the card for even small things.  Part of the challenge is that this just sits there at a $500 CL and I cannot do anything to have it help me such as reopen it and eventually raise the CL through periodic good use.

 

Question is, if I ask them to reopen the card, will they do a hard pull?  any other hidden danger in trying to revive this and put it to work for me?  Or should I just leave this sit there for another 5 years?

 

Any suggestions?


you usually can't re-open cards after 30 days.  You had them before though, why not get  a new card with them, with probably a higher limit.

Fico Scores: EQ- 670., TU 710 Sync, EX 728 SoFi(05/04/15)
I'm just trying to catch up to RON1
90 Cards and Counting :smileytongue:
Established Member
Posts: 25
Registered: ‎09-23-2010
0

Re: Options on a closed Citi card?

 


Creditaddict wrote:

you usually can't re-open cards after 30 days.  You had them before though, why not get  a new card with them, with probably a higher limit.


Thanks.  I am trying to avoid adding another card to the mix and also do not want a hard pull.  Since this card is there and can either count against me or for me, I am hoping there is a way to make it work for me.

 


TU Starting Score (09/23/10): 682 | EQ Starting Score (09/23/10): 697
TU Current Score (10/16/2010): 721 | EQ Current Score (10/16/2010): 735
TU & EQ Goal Score: 761


Take the FICO Fitness Challenge
Epic Contributor
Posts: 24,800
Registered: ‎10-23-2007
0

Re: Options on a closed Citi card?


nickbrodie wrote:

 


Creditaddict wrote:

you usually can't re-open cards after 30 days.  You had them before though, why not get  a new card with them, with probably a higher limit.


Thanks.  I am trying to avoid adding another card to the mix and also do not want a hard pull.  Since this card is there and can either count against me or for me, I am hoping there is a way to make it work for me.

 


why would it be counting against you?

Fico Scores: EQ- 670., TU 710 Sync, EX 728 SoFi(05/04/15)
I'm just trying to catch up to RON1
90 Cards and Counting :smileytongue:
Established Member
Posts: 25
Registered: ‎09-23-2010
0

Re: Options on a closed Citi card?

 


Creditaddict wrote:

nickbrodie wrote:

 


Creditaddict wrote:

you usually can't re-open cards after 30 days.  You had them before though, why not get  a new card with them, with probably a higher limit.


Thanks.  I am trying to avoid adding another card to the mix and also do not want a hard pull.  Since this card is there and can either count against me or for me, I am hoping there is a way to make it work for me.

 


why would it be counting against you?


Low credit limit of only $500.  1 extra revolving account that I am not using.  If they closed it but had a credit limit of $10,000 I wouldn't care as much...

 


TU Starting Score (09/23/10): 682 | EQ Starting Score (09/23/10): 697
TU Current Score (10/16/2010): 721 | EQ Current Score (10/16/2010): 735
TU & EQ Goal Score: 761


Take the FICO Fitness Challenge
Moderator Emerita
Community Leader
Epic Contributor
Posts: 28,098
Registered: ‎04-01-2007
0

Re: Options on a closed Citi card?

 


nickbrodie wrote:

Creditaddict wrote:

nickbrodie wrote:

 

Thanks.  I am trying to avoid adding another card to the mix and also do not want a hard pull.  Since this card is there and can either count against me or for me, I am hoping there is a way to make it work for me.


why would it be counting against you?


Low credit limit of only $500.  1 extra revolving account that I am not using.  If they closed it but had a credit limit of $10,000 I wouldn't care as much...


 

Oh, shoot, plenty of us have old, closed cards with low CL's. That's why we closed them! :smileyvery-happy:

 

They don't "count against you" in any manner.

* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Established Member
Posts: 25
Registered: ‎09-23-2010
0

Re: Options on a closed Citi card?

 


haulingthescoreup wrote:

 

Oh, shoot, plenty of us have old, closed cards with low CL's. That's why we closed them! :smileyvery-happy:

 

They don't "count against you" in any manner.


 

When I total up my credit availability vs credit utilization, the only way I get to the correct credit availability amount is by including this closed card.  I must be missing something.  Maybe I should have learned that new math!  :smileywink:  

 

If it really does not count then I guess this is not an issue...

 

 

 


TU Starting Score (09/23/10): 682 | EQ Starting Score (09/23/10): 697
TU Current Score (10/16/2010): 721 | EQ Current Score (10/16/2010): 735
TU & EQ Goal Score: 761


Take the FICO Fitness Challenge
Moderator Emerita
Community Leader
Epic Contributor
Posts: 28,098
Registered: ‎04-01-2007
0

Re: Options on a closed Citi card?

Is there still a balance on the card? And it shows as closed, right?

 

That's very odd. It should be excluded, unless there's still a balance.

* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Established Member
Posts: 25
Registered: ‎09-23-2010
0

Re: Options on a closed Citi card?

 


haulingthescoreup wrote:

Is there still a balance on the card? And it shows as closed, right?

 

That's very odd. It should be excluded, unless there's still a balance.


No balance.  I rarely used it.  They closed it because I had not used it in almost 2 years.

 


TU Starting Score (09/23/10): 682 | EQ Starting Score (09/23/10): 697
TU Current Score (10/16/2010): 721 | EQ Current Score (10/16/2010): 735
TU & EQ Goal Score: 761


Take the FICO Fitness Challenge
Moderator Emerita
Community Leader
Epic Contributor
Posts: 28,098
Registered: ‎04-01-2007
0

Re: Options on a closed Citi card?

That is strange, indeed. That reminds me of some of my older TU reports, where I never, ever could get the math to work. And their util figures changed every time, even when the balances and CL's didn't. I started wondering if they had their finger on the scale or something. :smileytongue:

* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.