Closing an AU account

iwant700fico — Sun, 27 Nov 2016 07:58:39 GMT

I am thinking about removing myself from my wife's citi Daimond card due to high utilization. My question is if I get added again to the same card down the road would CITI remove the closed account from my report or would end I up with 2, with 1 closed and 1 open. Thanks in advance.

Re: Closing an AU account

UncleB — Sun, 27 Nov 2016 08:38:45 GMT

@iwant700fico wrote:
I am thinking about removing myself from my wife's citi Daimond card due to high utilization. My question is if I get added again to the same card down the road would CITI remove the closed account from my report or would end I up with 2, with 1 closed and 1 open. Thanks in advance.

If you are removed as an AU the way it's supposed to work is that reporting simply stops for you altogether... there's no 'closed' indicator since nothing is technically closed.

Here's where it can get interesting... some people have to dispute an account to make it stop reporting. While this is effective (I've found the bureaus have been generally quick to take care of this) some have reported that in the future if you become an AU again on that same account it might not start reporting the second time (or it might - it seems to be YMMV). Again, this part is YMMV; I only mention it here as a possible issue... for some, this might even be desirable.

If the account stops reporting on its own (no dispute is required) generally speaking if/when you become an AU again it should automatically start reporting again with no further action. Of course this is also issuer-dependent (I don't have individual data points for Citi).

Note that in no case should you end up with the AU account reporting twice; if by some chance you were to - which I've never heard of - it would be easy to correct via dispute.

Hope this helps.

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Closing an AU account

Re: Closing an AU account