WalletHub, Financial Company
Open credit card accounts will stay on your credit report indefinitely, while closed credit card accounts stay on credit reports for 7 to 10 years, depending on the account status at closing. Accounts that are closed in good standing will remain on your credit report for 10 years from the date closed. Accounts closed due to a past-due balance will stay on your credit report for 7 years from when the delinquency that ultimately led to the account being closed was first reported to the credit bureaus. You can read more in our guide about how long things stay on your credit report.
The fact that open credit cards will stay on your credit report indefinitely is good news because you can use them to build credit as long as they’re open. If you’re thinking of closing a credit card account, you can use WalletHub’s free credit score simulator to determine the impact to your credit score.
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Lauren Smith, WalletHub Staff Writer
Credit cards stay on your credit report indefinitely while the account is open, and information regarding closed credit card accounts remains for 7 to 10 years. If the account was closed because it was sent to collections or charged off, the record of the account falls off after 7 years. Conversely, if the account is paid as agreed when it is closed, the account itself will stay for up to 10 years.
How Long Credit Cards Stay on Your Credit Report
- Open Accounts: Indefinitely
Active credit card accounts are always listed on your credit report.
- Closed Accounts: 7-10 years
If a credit card account was in good standing when it was closed, it stays on your credit report for up to 10 years, while accounts closed due to non-payment remain for 7 years.
- Negative Information: 7 years
Most negative information falls off after 7 years. This includes late payments and collections.
- Bankruptcy: 7-10 years
A Chapter 13 bankruptcy falls off your credit report after 7 years and a Chapter 7 bankruptcy remains for up to 10 years.
You can get your free credit report here on WalletHub and enjoy daily updates.
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