Is it possible to reopen a closed CC account?

[natasjlp]

Hello,

I have a CC 'closed by consumer'  account. It is my oldest credit account and I closed it years ago not realizing the damage it could do to my score. Is there any way to reopen a closed account??

Thanks

[Anonymous]

What card was it?

[Anonymous]

Usually not.  But, you can never hurt yourself by calling and inquiring directly with the creditor.

Macy's has a reinstatement program for charge offs.  But you don't get to keep the original tradeline, they give you a new account after you pay off the old one.

If your old account was in good standing and closed by you, you can ask, but I don't know that I have ever seen it done successfully.

Please let us know if you have any luck and who the credit account was with.

[CreditAble]

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@natasjlp wrote:

Is there any way to reopen a closed account??

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Sometimes it is possible depending on the account provider.

Amex will open a new account with the original "member since" date. 

Who issued the credit card that you closed?

[msheresy]

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@Anonymous wrote:

Usually not.  But, you can never hurt yourself by calling and inquiring directly with the creditor.

Macy's has a reinstatement program for charge offs.  But you don't get to keep the original tradeline, they give you a new account after you pay off the old one.

If your old account was in good standing and closed by you, you can ask, but I don't know that I have ever seen it done successfully.

Please let us know if you have any luck and who the credit account was with.

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My mother had a Macy's card.  Probably used it twice and then it the account was closed by them due to inactivity.  Since she had opened the account 10+ years ago, I encouraged her to call and see if they would re-open the account.  They granted her request, sent her a new card and it shows that 10+ years of history

[Anonymous]

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@msheresy wrote:

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@Anonymous wrote:

Usually not.  But, you can never hurt yourself by calling and inquiring directly with the creditor.

Macy's has a reinstatement program for charge offs.  But you don't get to keep the original tradeline, they give you a new account after you pay off the old one.

If your old account was in good standing and closed by you, you can ask, but I don't know that I have ever seen it done successfully.

Please let us know if you have any luck and who the credit account was with.

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My mother had a Macy's card.  Probably used it twice and then it the account was closed by them due to inactivity.  Since she had opened the account 10+ years ago, I encouraged her to call and see if they would re-open the account.  They granted her request, sent her a new card and it shows that 10+ years of history

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I reopened my Macy's store card today that's been closed for almost 3 years. Pretty happy that they let me do it. 

 

[asanch12]

yeah, i closed my macy's in '03 and reopened it late '09 with no problem.  They also kept original open date from '03.  good luck

[Anonymous]

Yeah it is not likely maybe in the past, but I really doubt it happening now with how everything is going, you have a good 1% chance of getting it re-opened.

Trying doesn't hurt though, but for future referance closing ANY account, even a $100 card can damage your score, or stop you from getting a good credit card, rate, or alike.

[score_building]

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@Anonymous wrote:

Yeah it is not likely maybe in the past, but I really doubt it happening now with how everything is going, you have a good 1% chance of getting it re-opened.

Trying doesn't hurt though, but for future referance closing ANY account, even a $100 card can damage your score, or stop you from getting a good credit card, rate, or alike.

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this is not necessarily accurate. 

to learn more about closing cards the right way, check out the pinned fused thread. 

[Anonymous]

Well truthfully there is no real answer if that low limit card could hurt you, or not, until it it's actually done, I closed a SMALL card the right way and it hurt my score by almost 40 points, there is no for sure answer.