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Does closing and then re-opening a credit card affect your credit at all??


Welcome to the EliteFitness.com Bodybuilding Site! Please join this discussion about Does closing and then re-opening a credit card affect your credit at all?? within the Chat & Conversation category.

Excerpt: I closed my credit card like two weeks ago, but now I just found out that a prescription that I am getting isn't covered by my insurance, and it's going to be very pricey. I just called and had my account re-opened, but I am just wondering how this affects your credit, if it does. My plan is to pay it off within the next like two weeks, and then re-close it, but just was wondering if this was bad for my credit. Any thoughts/input will be much appreciated!!! PinkPanther

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  1. #1
    Amateur Bodybuilder
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    Does closing and then re-opening a credit card affect your credit at all??

    I closed my credit card like two weeks ago, but now I just found out that a prescription that I am getting isn't covered by my insurance, and it's going to be very pricey. I just called and had my account re-opened, but I am just wondering how this affects your credit, if it does. My plan is to pay it off within the next like two weeks, and then re-close it, but just was wondering if this was bad for my credit. Any thoughts/input will be much appreciated!!!

    PinkPanther

  2. #2
    Good Broly
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    Re: Does closing and then re-opening a credit card affect your credit at all??

    Question: Why are you posting this at Elite fitness.com? Why don't you try calling up a credit counselor or something? Or finding a website on credit.

  3. #3
    Amateur Bodybuilder
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    Re: Does closing and then re-opening a credit card affect your credit at all??

    b/c I am at work and don't really have time to be messing around looking stuff up or talking on the phone anymore...just wanted to see if anyone on here knew off hand...there are a lot of things posted on here that have nothing to do with anything related to fitness...hence the "Chat and Conversation" Board...

  4. #4
    Da Pope manny78's Avatar
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    Re: Does closing and then re-opening a credit card affect your credit at all??

    Quote Quote posted by PinkPanther
    I closed my credit card like two weeks ago, but now I just found out that a prescription that I am getting isn't covered by my insurance, and it's going to be very pricey. I just called and had my account re-opened, but I am just wondering how this affects your credit, if it does. My plan is to pay it off within the next like two weeks, and then re-close it, but just was wondering if this was bad for my credit. Any thoughts/input will be much appreciated!!!

    PinkPanther
    Did you have any debt on it ? Did you ever make the minimum payment ?

  5. #5
    Amateur Bodybuilder
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    Re: Does closing and then re-opening a credit card affect your credit at all??

    No, it was completely paid off and no late fees...paid more than the minimum every month...

  6. #6
    Da Pope manny78's Avatar
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    Re: Does closing and then re-opening a credit card affect your credit at all??

    Quote Quote posted by PinkPanther
    No, it was completely paid off and no late fees...paid more than the minimum every month...
    Then it shouldn't be an issue.

  7. #7
    Amateur Bodybuilder
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    Re: Does closing and then re-opening a credit card affect your credit at all??

    Ok, thanks!! Good to hear

  8. #8
    Olympian
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    Re: Does closing and then re-opening a credit card affect your credit at all??

    doesn't affect it really, but if you have mulitple inquires on your credit history, then that should affect your credit scoring......

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