Opening Old Accounts?

Anonymous · ‎04-30-2010

Would it be possible to open an old credit card account that had been closed for a while? Would it help my credit since I originally opened the account in 2001 and it is the oldest account on my report? It is a Capital One account. Has anyone had experience with that? Thanks!

Mommyto2boys · ‎04-30-2010

Hi, I just did the same thing with my Bank of America cc. I would specifically ask them up front if the history remains when reopening the account. BOA said yes and the age is older than my AAofA; so I am hoping it helps. It will also help with the CL increase assuming no recent baddies are tied to it. I guess we will figure this one out together. Keep me updated!

Anonymous · ‎04-30-2010

I just called Capital One and they stated they will not open old accounts period. I wonder if there is another way to go about doing that. Writing to them? Or speaking to a different person?

RobertEG · ‎04-30-2010

If you request account "re-opening," you will, at the least, probably get a hard pull of your credit report.

It is my experience that most creditors will consider it a new account, and not fold prior credit history into the account.