Credit Cards Center Credit cards from our partners
Reply
Member
Posts: 38
Registered: ‎12-31-2012
0

Reopen Closed Accounts?

Back when I didn't really understand how credit worked, I closed some revolving accounts that I didn't recognize on my credit report. I think these accounts had been opened by my parents.

 

If these accounts were still open, they would easily be my oldest accounts and would significantly boost my AAoA. Is there any way to reopen these accounts?

Established Member
Posts: 22
Registered: ‎02-16-2013
0

Re: Reopen Closed Accounts?

You can always call them and ask but chances are if it's been too long since they've been closed they will tell you that you have to reapply.



Starting Score: 583 February 16, 2013
Current Score: EQ 634 April 11 TU 645 (Walmart) April 2013
Goal Score: 700


Take the myFICO Fitness Challe
Frequent Contributor
Posts: 348
Registered: ‎02-27-2013
0

Re: Reopen Closed Accounts?

Usually reapply depends though my mom hadn't used her gap visa in over 6 months they reopened. Also nordstrom will reopen as well as macys and bloomies under a certain period of time. Amex will backdate.
Cards: CSP $5k, Capital One Cash Rewards VS $3100, Discover it $3k Capital One MasterCard $600, Orchard Bank $3k, Barclays Rewards MC $1250 Gapcard $900, BR $300, Neiman Marcus $1k, Macys $1200 Walmart $500
In the garden until I can get a BCP

Starting Score: 534
Current Score: 682 EQ SW 660 TU 636 EX 3/26/13
Goal Score: 720


Take the myFICO Fitness Challenge
Established Contributor
Posts: 635
Registered: ‎07-29-2010
0

Re: Reopen Closed Accounts?

Bank of America reopened my account after almost 2 years.

 

It was a student platinum plus visa with low CL and high APR so I closed it. Then when they came out with BoA Cash Rewards 123, I asked them to reopen it and switch to 123, and they did it. And eventually the CL increased (but the APR is still high).

 

I hated BoA for a while, but they are okay in my book now.

Discover IT $30K | FNBO Visa $25K | Citi Forward (grandfathered 5x Restaurants!) $14.5K | US Bank Cash+ Visa Sig $15K | Priceline/Barclays $15K | Chase Freedom $10.5K | Amazon/Chase Visa Sig $8.3k | Southwest Premier $7.8K | BoA Cash Rewards 1-2-3 Sig $7.5K | Fidelity AMEX $7K | Citi Double Cash $6.5K | BoA Cash Rewards 1-2-3 Sig $7.5K | Sallie Mae World MC/Barclays $5K | Capital One Cash Rewards $5K | Commerce Bank $5K | WF Cash Back Visa $3.6K | Younkers/Comenity $2.4K | AMEX BCE $3K | Target $1K | EX FICO (from AMEX): 762, TU08 FICO (from Discover): 763, AAoA: 4.3 years
Member
Posts: 38
Registered: ‎12-31-2012
0

Re: Reopen Closed Accounts?


andre181 wrote:

Bank of America reopened my account after almost 2 years.

 

It was a student platinum plus visa with low CL and high APR so I closed it. Then when they came out with BoA Cash Rewards 123, I asked them to reopen it and switch to 123, and they did it. And eventually the CL increased (but the APR is still high).

 

I hated BoA for a while, but they are okay in my book now.


 

That's very interesting and encouraging, as one of the accounts that I'm looking to reopen (probably the only one I can, actually - the other account is with Chase, and from what I've seen on this board, they are not friendly to reopening closed accounts at all) is with Bank of America.

 

The biggest potential hiccup, though, is that according to my mother, the account was part of a joint account? Which seems odd, since on my credit report the BoA closed account is listed as a "credit card" and an "individual account". In any case, any idea if that might cause any problems?

Member
Posts: 38
Registered: ‎12-31-2012
0

Re: Reopen Closed Accounts?


andre181 wrote:

Bank of America reopened my account after almost 2 years.

 

It was a student platinum plus visa with low CL and high APR so I closed it. Then when they came out with BoA Cash Rewards 123, I asked them to reopen it and switch to 123, and they did it. And eventually the CL increased (but the APR is still high).

 

I hated BoA for a while, but they are okay in my book now.


 

Forgot to ask, do you know if it was a SP or HP when they reopened your account?

 

Thanks!

Community Leader
Senior Contributor
Posts: 29,989
Registered: ‎02-07-2013
0

Re: Reopen Closed Accounts?

If they reopen it will definitely result in a HP..Sorry to be the bearer of bad news Smiley Sad

This point should be stressed more here an app spree should not be encouraged because its not for every profile
A thick file will support more apps at one time while a thin file may see negative reaction to this process

IMHO 4+ at one time is to many for a new file and it should be kept to 1-3 a year but we get caught up sometimes in seeing the little wheel spin and the words approved

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

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 internal myFICO analysis of 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. These ranges were not provided by any card issuer.

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.