In most cases, the simple answer is yes. However, there may be scenarios of whether this is impossible or not.
It all depends on your motivation wanting the same card again. It was a handy card so you regret closing it, or maybe it’s because you’ve been spending so much time and history helped your credit score? Or were you trying to get another welcome bonus offer from the card issuer?
However, you will decide to hold the card again after closing it. If you need past credits, here are some important things to consider before reapplying.
Why restart your credit card account after closing
Close your credit card It’s often an irreversible decision. However, if you change your mind right away, you may be able to call the publisher and have them Restart your account – Especially if it has not been 30 days since you closed the card. Below are some reasons why you might choose to resume your card:
Save your credit history
The length of your credit history affects your credit score. The longer it gets, the more positive the impact on your credits. If you close the card and realize it is the oldest card in your wallet, you can call the issuer to see if you can resume your account and save history.
This is especially true when the card is a card that is not once a year that costs you to keep. Just to keep your account active, pull it out once every few months for a single purchase, keep it in the sock drawer and pull it out won’t hurt anything.
Avoid raising credit usage rates
Unless you cut your spending, closing your card will lose access to that credit line, which will increase your credit usage. This is how it works.
By opening a new credit card, you may decide to counter the available credits of this drop. However, applying for a new credit card usually requires strict credit enquiries. If you want to avoid that as well as access more credits, you can consider resuming a closed card. If that wasn’t long, the issuer may agree to restart the account without performing the enquiry.
Try the second welcome bonus
It is not uncommon for cardholders to try to win a card Welcome bonus Again, especially if the bonus is higher than when you previously had a card. In these cases, Application Rules It depends on the publisher. With most issuers, you can reopen the card, but you may not be eligible to win another welcome bonus.
For some credit card issuers, there may be a waiting period before receiving the bonus on the same card again. Therefore, it is important to always read the detailed printing and terms of use of the application to see if there are additional rules surrounding the eligibility of the welcome bonus.
However, do not assume that the same rules apply to all types of Chase Credit Cards. For example, at the time of writing, the card’s free family – Chase FreedomFlex℠* and Chase Freedom Unlimited® – There are different conditions. “This product cannot be used by either (i) a current card member of this credit card or (ii) a previous card member of this credit card who has received a new card member bonus for this credit card within the last 24 months.”
On the other hand, many American Express Application There is something known as a “lifelong language.” This means that if you have that card or card in the same family, you may not receive a welcome bonus.
If you are about to get a second welcome offer bonus, make sure you understand the rules that the card issuer has before experiencing any trouble reapplying for your credit card.
Why you may not be able to get a credit card you had previously
Banks change or update the lineup of frequently available cards. Previous cards may be deprecated or unavailable for new applicants. Existing cardholders may be able to maintain their accounts after the card is deprecated, but banks cannot use their application to others who wish to sign up, even if they have had their card in the past.
if The bank has closed your account You may be re-registered from applying for that card due to reasons such as inactivity, non-payment, misuse of your account or compensation.
Do you bring two of the same credit cards?
With many issuers, yes: you can have two (or even more) active accounts with the same credit card. Why do you want two cards of the same card? One reason is that it uses the limited spending bonus categories to limit office supplies purchases to $25,000 per year. Chase Ink Business Cash® Credit Card.
If you have a card that offers annual or monthly Statement Credityou may want to double the number of credits you can earn. for example, American Express Platinum Card There are statement credits such as Uber, Saks Fifth Avenue, and Digital Entertainment, and you can double it by getting two cards.
Normally getting two identical cards can occur in two ways, typically via card upgrades or downgrades, or an entirely new application.
Upgrade or Downgrade a Card
If you already own two credit cards from the same issuer, but you own two credit cards from different card families, you may be able to complete product changes and get two of the same card. For example, let’s say you own Chase Sapphire Prefered and Chase Freedom Unlimited. You may be able to turn your Chase Sapphire into another Freedom Unlimited card, so you will be able to hold two Freedom Unlimited cards at the same time.
Complete the new application
Some issuers may reapply for the same credit card even if they already have one – if applicable, subject to the issuer’s guidance on the topic and its waiting period.
Some issuers only have language about receiving the welcome bonus again, not getting the actual card again, but others may not want to do it to you either. For example, you can avoid the “lifelong language” mentioned above by applying via a target offer from American Express.
All issuers are different and these rules may vary from card to card. So, check out the card agreements and other issuer information you can find before applying.
FAQ
Conclusion
It’s not uncommon to want a credit card you’ve had in the past. Spending habits change. And you may be in a better position to take advantage of a stronger reward or travel card than before. Or perhaps the bank added useful perks and perks that were not available when you last held the card.
Please check the application’s terms and conditions before applying for a card you previously held. This will measure the likelihood of approval and prevent strict inquiries about credit reports from being wasted if the issuer’s rules are unable to obtain a card again or if they prevent you from getting a second welcome bonus.
Chase Freedom Flexcreflect information is collected independently by Bankrate. Card details have not been reviewed or approved by the issuer.
