Capital One ?

[Anonymous]

I recently closed my capital one platnium card due to high interest rates almost 30%. I wanted to know if I reopened the card would I still have the age of the card which i had opened in 2005?.Will the card reopen with the same date as the other closed card with capital one? It was my oldest card and I really didn't know that it would affedt me. I was mad because they wouldn't reduce my interest rate.

[nothingman02]

IF you really are able to re-open that same card, then you should get your age back. Good luck with that.

[RobertEG]

Not a concern.  You still have its age, for better or worse. No need to reopen for that puropose.

Closing an account does not delete it from your AAoA calcualtion until, usually, ten years from its date of closing.

All you have lost lost is its Crap1 CL.

If you attempt to reopen, they are going to hit you with a hard pull.

Leave it in its grave unless you want to recapture its magical high CL!

[nothingman02]

But ofcourse you will have the age. Hmm...what was I thinking now?

You will lose the utl only. You will still have the age and the payment history for the card!

[Anonymous]

Thanks, so do you think if i reopen the card my credit score will increase over time. The credit line was only a measly 500 which is another reason why i closed it. they would increase the CL. After four years of having the card.

[jackg]

Not likely

[nothingman02]

Well, if you do reopen the same card, you should retain the age which should help your AAoA as long as the card is older than your AAoA. AAoA constitutes 15 % of your scoring.

[Anonymous]

thought they were supposed to give increases every 3 months. Guess not.

[Anonymous]

Yes, but only if they allow you to re-open it. It is up to the company.