How to reopen a closed credit card account

trope : man on calculator looking up how to reopen a closed credit card bill Whether your issuer closed the score or you did it yourself, it may be potential to reopen a close credit card account if you call your issuer and ask. editorial note : Credit Karma receives recompense from third-party advertisers, but that doesn ’ thymine affect our editors ’ opinions. Our third-party advertisers don ’ thyroxine review, approve or endorse our editorial capacity. It ’ randomness accurate to the best of our cognition when posted .Advertiser Disclosure

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It may be possible to reopen a closed credit card account, depending on the credit card issuer, as well as why and how long ago your account was closed.

But there ’ s no guarantee that the accredit card issuer will reopen your bill. For exercise, Discover says it won ’ triiodothyronine reopen closed accounts at all. But it may be deserving asking other issuers if you ’ d like to reopen your score. hera ’ s how .
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1. Figure out why the account was closed
2. Gather the relevant documentation
3. Call the issuer’s customer service line
4. Ask for the account to be reopened

1. Figure out why the account was closed

If you didn ’ t close your explanation yourself, it ’ s possible that your credit card issuer did .
ultimately, your issuer likely has the ability to close your bill at any time. here are some reasons why an report may be closed .

  • Inactivity
  • Defaulting on your credit card debt
  • The credit card company’s business needs change (this could have nothing to do with how you’ve used the card)

If your history was closed because it remains amateur by a certain number of days, it ’ south known as a charge-off. Keep in mind that regardless of the reason your account was closed, if you owe money on your poster, you placid need to pay back the debt .

2. Gather the relevant documentation

Make certain you have some identify pieces of information handy, including …

  • The physical credit card from the closed account, if you still have it
  • A credit card statement from the closed account may also have the account number
  • Your name
  • Your address
  • Your Social Security number

3. Call the issuer’s customer service line

If you still have your card, there may be a customer service act on the back. If you don ’ t have the wag anymore, you might be able to find a earphone number on the issuer ’ s web site or an old credit circuit board statement.

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4. Ask for the account to be reopened

once you ’ re on the credit line with customer service, let them know that you ’ d like to reopen your close account. If you closed the account yourself and you ’ ve changed your take care, explain why you ’ d like to reopen it. If your account was closed for another reason, you may need to state your font .
Be prepared that you might hear a “ no ” — credit menu companies aren ’ metric ton required to reopen closed credit card accounts .
It ’ second significant to be clear that you ’ re looking to reopen the closed explanation and not open a brand-new account with the lapp wag. You may be asked to authorize a hard credit inquiry to reopen the closed report, which could cause a pickpocket in your accredit scores .

How long does a closed account stay on your credit?

How long a close history stays on your credit reports depends on whether your history was delinquent when it was closed .
A charge-off will show on your reports for seven years from when the account went delinquent, or when you started missing payments .
An account that was closed “ in good stand ” — with no late payments and your balance wheel paid off — could show up in your credit history for 10 years .

Does a closed account hurt your credit?

There are a couple of ways that a close account could hurt your credit .

  • Higher credit utilization rate — Your credit utilization rate represents how much of your available credit you’re using at any given time, and it’s an important factor in your credit scores. A closed account may increase your utilization rate by lowering the total amount of credit you have available.
  • Lower the average age of accounts — The length of your credit history is another factor that affects your credit scores. If the closed account was open for a long time, that could lower the average age of your accounts.
  • Credit mix — Having different types of credit in your credit history — whether that’s credit cards or an auto loan — can have a positive impact on your credit. Closing an account may affect your credit mix negatively depending on what type of credit it is.

A charge-off is considered a derogative mark. So if your score was closed because your debt has been charged off, that can hurt your credit .

What’s next?

If you ’ re able to reopen your account, make surely you keep your credit wag accounts active agent.

If you aren ’ t able to reopen your account, there are hush some steps you may want to consider taking to mitigate the shock of the close explanation on your credit .
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About the author: Casey Hollis is a managing editor at Credit Karma, specializing in credit card reviews and education. Throughout her career in writing and editing informational content — from health news and advice at Healthline.com … Casey Hollis is a managing editor program at Credit Karma, specializing in credit card reviews and education. Throughout her career in write and editing informational content — from health news and advice at Healthline.com … Read more.