Can You Reopen a Closed Credit Card?

Some people close or cancel their credit cards and regret it when they learn how closing a credit card impacts your average age of accounts and credit history. 

Depending on the card issuer, you might have a chance to reopen the account within 30 days. To gather the data/policies in this post, I ended up calling each bank to find out what the respective rules are when it comes to reopening the accounts.

Keep in mind that you can only reopen a closed credit card if it was due to inactivity or you voluntarily closed it. Accounts closed due to fraud, suspicious activities, or any activities that violate the terms of service cannot be reopened. 

One important note is that before you cancel your card, be sure you transfer your points out or have a way to keep your points alive. 

How to reopen a closed credit card

  1. Call the customer service number on the back of the card. If you don't have the card, look up the number online. Calling the direct number is your best bet so you can speak to the right department.
  2. Have your account details ready. To pull up your account information, you'll need the credit card number, your name, social security number, and address. You might also have to answer additional security questions.
  3. Explain yourself. Most credit issuers will want to know why you closed your account in the first place and why you want to reopen it. 

Below are the policies for each credit issuer. These terms can change at any time, so call the number on the back of your credit card for the most up-to-date policies. 

American Express

You have 30 days to re-open the account. 

Co-branded cards cannot be reopened. Examples of co-branded cards: Delta, SPG, Hilton, and Schwab.  

Bank of America

You have up to 6 months to reopen the account, and it will result in a hard inquiry.

Barclays

Depends on the customer service agent and the circumstances. Your mileage may vary. 

Capital One

From what I gather, it's impossible to reopen the account. 

Chase

You have 30 days from closing the account to reopen it.

A good reason to reopen a Chase account is that if one if the cards was a 5/24 card that you would get value from.

Keep in mind that if you're getting negative expected value from a Chase Sapphire card, you can always product change it to a no annual fee Chase Freedom card instead of canceling it.

Citi

Depending on the circumstances, you might be able to reopen the account. Your mileage may vary.

If you close an account, it restarts the 24-month bonus rule. For example, if you close a Citi Prestige card, you won't be able to receive a ThankYou points bonus until 24 months from the closing date.

Let's say you opened a Citi Prestige card on June 30, 2016

  • ThankYou Points eligibility clock starts; not eligible until for ThankYou bonus for 2 years = June 30, 2018

Let's say you decide to close (or product change) the Prestige on April 25, 2018.

  •  ThankYou clock restarts for 2 years
  • Ineligible for ThankYou bonus until April 25, 2020
  • Ineligible for Citi Premier bonus due to "clock restarting" since it earns ThankYou points (even though it's a different card)

Learn more about Citi card rules in this post.

Discover

Depending on your situation, your mileage may vary.