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Can i close my credit card account and open with the same lender for introductory offer again?
Wiki User
∙ 12y ago
It is not the purpose of an introductory offer to get people who already have an account to close it and then open a new one, so this would be a somewhat devious act on your part. Whether the credit card company will allow it, is up to them, but I would advise against this strategy.
Wiki User
∙ 12y ago
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How long do you have to wait after closing a credit card account before you can reopen it again with the 0 percent apr introductory rates?
That is at the discretion of the issuing financial institution. They may not grant a previous card holder who has closed the account special offers.
Can you pay down a credit card faster with 0 introductory APR?
YES but if your late on a payment the intrest goes to about 12% if your late again it goes to about 23%
Does paying off first premier card close the account?
No. Credit cards are revolving debt. You can pay them off and keep using them over and over again. The card will not be closed unless you request to close the line, or if the lender decides to close the card for some reason.
You just finished paying off your credit card should you close the account?
Closing the account will remove the temptation to spend up the cards again but, closing the account can actually lower your credit score. You ought to take that question and your private credit information to a credit counselor for a better answer. By the way, CONGRATULATIONS on paying off the cards!
What is designed to function much like a revolving charge account?
Most credit cards are designed as a revolving credit account. You spend money from the card and every month you pay it back so you can again use the money. That is why credit card have monetary limits based on you income and credit history.
How long do you have to wait after closing a credit card account before you can reopen it again with the 0 percent apr introductory rates?
That is at the discretion of the issuing financial institution. They may not grant a previous card holder who has closed the account special offers.
Can you pay down a credit card faster with 0 introductory APR?
YES but if your late on a payment the intrest goes to about 12% if your late again it goes to about 23%
What are the benefits of using Sainsbury credit cards?
Sainsbury's issue four types of credit cards with differing benefits. These are a card that earns Nectar points everywhere it is used, either with an introductory offer or with an overall lower interest rate, and a card that gives cashback, again either with an introductory offer or lower ongoing interest rate.
Does paying off first premier card close the account?
No. Credit cards are revolving debt. You can pay them off and keep using them over and over again. The card will not be closed unless you request to close the line, or if the lender decides to close the card for some reason.
You just finished paying off your credit card should you close the account?
Closing the account will remove the temptation to spend up the cards again but, closing the account can actually lower your credit score. You ought to take that question and your private credit information to a credit counselor for a better answer. By the way, CONGRATULATIONS on paying off the cards!
How long can a cunsumer reporting agency reporting unfavorable information?
A consumer reporting agency can typically report unfavorable information on a consumer's credit report for up to seven years. This includes account delinquencies, bankruptcies, and other negative credit information.
What is designed to function much like a revolving charge account?
Most credit cards are designed as a revolving credit account. You spend money from the card and every month you pay it back so you can again use the money. That is why credit card have monetary limits based on you income and credit history.
How do you start making regular payments on a credit card again if it has already gone to collections?
you have to contact the collections agency and they will advise you from there where to go and what to do next If the collection agency will not make arrangements, then call the lender that held the credit card--just by chance, they may open an account with the old balance if you can convince them that you can pay now. Talk to a supervisor--fax them proof of your old situation and see what happens. Good Luck
How is your credit score affected if a credit card company closes your account because of inactivity?
Your credit score is affected by ALL the information in your credit history. Specifically, a recently closed, inactive, revolving account would impact the amount of credit available to you, thus changing your debt-to-available-credit ratio. If this particular acccount was the oldest account in your file, closing it would also shorten the history of your open credit accounts. The amount of impact to your current score would depend upon what remained open in your file and, once again, ALL the data showing, not just this one account.
What does it mean when a check returned for insufficient funds results in a return check credit posting to your bank account?
It means that the bank has not yet upgraded your account so in a couple of days check your account again and it should be fixed
What is credit balance?
This happens when someone pays too much money on their credit card statement. You have money "on credit" in addition to your credit limit. These amounts can be refunded but will usually remain in the account until you charge using the card again, then those funds will be applied towards your purchases on credit.
If a person has high available credit on cards they will not use again should they close those accounts?
It would probably be in your best interest to close the account(s). You will be protecting yourself from identiy theft/credit card fraud. And depending on your credit terms, annual or semi-annual fees, that can be assessed whether the account is used or not.
