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re opening closed credit cards

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lonerower
New Contributor

re opening closed credit cards

Does anyone have any exprience with opening a credit card that had been closed several year prior?

 

I will first confess this was a not so smart thing to do but it happened.  About 7 years ago I had a Discover and Citi card.  I had about 5000 on each.  I was having trouble paying and did a debt consolidation and with this the accounts were closed.  My situation has improved dramaticaly in the past 5 years.  My question is do credit card companies re open closed accounts?  I would like to know if this hurts my chances of getting an account with these same companies?  The balances were paid on both cards.

Message 1 of 5
4 REPLIES 4
coldnmn
Mega Contributor

Re: re opening closed credit cards

If it has been 7 years check see if they are gone from your credit reports. If so you will have to reapply I don't think Discover will blacklist you I'm not sure about Citi. I doubt many credit card will reopen after a few months.

Discover IT $17k / US Bank Ace (VSig) $13.5K / US Bank Cash+ (VSig) $13.5k
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Message 2 of 5
s73guy
Contributor

Re: re opening closed credit cards

Most banks that I know of will not reopen an account after it's closed, even if it's 5 minutes later.  I think most of them will tell you that you have to reapply.

Capital One Venture: $30,000; Capital One Quicksilver: $10,000; PNC CashBuilder: $15,000; Chase Marriott Rewards: $10,000; Citi Double Cash: $9,400; Barclay Arrival World MasterCard: $11,150; USF FCU Rewards Visa Signature: $10,500; Suncoast CU Visa: $3,000; Discover It: $3,500; Nordstrom: $2,000; Kohl's: $2,500; Target: $600; Lowes: $6,900; Sams Club: $3,850; Evine: $3,000; HSN: $1,800; Paypal Credit: $4,350; Amazon Store: $5,400 --- EX: 726; EQ: 726; TU: 741

Message 3 of 5
rudy0720
Regular Contributor

Re: re opening closed credit cards

Always have to reapply as your credit and income have changed over time for better or worse

Citi Thank You Premier Visa Signature-$9K, Citi Thank You Preferred Vis Signature-$8.3K, Citi AA Signature- 8.5K, Citi Simplicity 9.2K, Citi Diamond-6.1K, Lowes-$10K, Chase Sapphire Preferred- $ 5K, AMEX BCE $14.5K, AMEX Starwood Preferred $15K, ,AMEX Everyday-$5K, Fidelity Amex-$10K, US Bank 123 rewards Kroger-$17K, Penfed Platinum Rewards Visa Signature-$30K, Amex Delta-$10K, Barclay Arrival Plus- $10K, Penfed Travel Rewards Amex-$10K, Bank of America Cash Rewards- $14K
Message 4 of 5
SunriseEarth
Moderator Emeritus

Re: re opening closed credit cards


@lonerower wrote:

Does anyone have any exprience with opening a credit card that had been closed several year prior?

 

I will first confess this was a not so smart thing to do but it happened.  About 7 years ago I had a Discover and Citi card.  I had about 5000 on each.  I was having trouble paying and did a debt consolidation and with this the accounts were closed.  My situation has improved dramaticaly in the past 5 years.  My question is do credit card companies re open closed accounts?  I would like to know if this hurts my chances of getting an account with these same companies?  The balances were paid on both cards.


You would have to reapply.  



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