Closed, but I can reopen if I change my mind... How will it report?

[Dalmus]

With the addition of the two new higher limit cards in my portfolio, I've been following through with cutting lower balanced cards out (three buit the dust yesterday).  Yay for me!

One of those cards was First National's Legacy Visa.  When I called, they tried to get me to stay by lowering the APR for three months (woohoo), I declined their efforts and they closed the account.  Then they ended the call with "If you change your mind, you can reopen the account any time in the next six months."

I've never encountered that one before...  Has anyone else?  Will it report as truly closed on my CR right away, or will it stay "open" for those six months?

I'm not buying a house any time soon, but I like an accurate report anyway!

Thanks!

[UpperNwGuy]

I don't know the answer to your question, but I applaud you for closing cards that you no longer need.  May the rest of us learn from your good example.

[J-F168]

I will tell you my story. Few months ago I called an closed credit one and first premier. On my report were reported as closed. Last month I decided to reopen them and I did..now on my credit report those credit cards as open when I initially open them over a year ago. Now I am thinking to close them again lol.

[AverageJoesCredit]

Fire ,its beautiful but it burns like heck if you play with it

[silvius]

I have run into the re-open within six months offer before, but it has been a long time since I cancelled a card.   Once I tried to get some old cards re-established that were closed for about a year, but that wasn't happening.    I sure wish I would have kept the first couple of cards I had when I was around 19 or 20 but I didn't know any better and cancelled them at some point.

[silvius]

Oh, and to answer the reporting question... I would think it could potentially report the same as if you had lost a card and had to get it re-issued but that is just a guess really.

[Dalmus]

Oh, I don't intend to ever reopen it. It was my first Major after BK, so I know it will hurt my AAoOA, but that should only effect my Vantage score.

My ultimate goal is to trim my card portfolio to less than 10 majors. That's means 6 more gotta go eventually!