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New Visitor
BKEMP1255
Posts: 1
Registered: ‎08-28-2007

REOPENING A CLOSED CREDIT CARD ACCOUNT

How will reopening a credit card account with a balance affect my credit score? Will it be viewed as a new account?
Senior Contributor
ilovepizza
Posts: 3,071
Registered: ‎05-17-2007

Re: REOPENING A CLOSED CREDIT CARD ACCOUNT

[ Edited ]
Should go back on as original. Some banks require a hard inquiry to reactivate and sometimes if more than 90 days they refuse reactivation. But putting and older closed account back usually is a good move in my opinion. If there is a balance it is already being factored in to UTL. Can only help not hurt imo.

Message Edited by ilovepizza on 08-28-2007 09:23 AM
If we never set higher goals we would never get as far.
sol, credit 101, acr, abbreviations, calc
Established Contributor
FICO_Focused
Posts: 905
Registered: ‎05-09-2007

Re: REOPENING A CLOSED CREDIT CARD ACCOUNT



ilovepizza wrote:
Should go back on as original. Some banks require a hard inquiry to reactivate and sometimes if more than 90 days they refuse reactivation. But putting and older closed account back usually is a good move in my opinion. If there is a balance it is already being factored in to UTL. Can only help not hurt imo.

Message Edited by ilovepizza on 08-28-2007 09:21 AM

I agree...
 
Rob

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