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Any open or active line of credit that you have on your credit report is known as an "open account". This means that as long as you still have access to it, whether you use it actively or not, it's still open.
Dmitriy Fomichenko, President, Sense Financial
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Understanding your credit report is crucial for your financial well-being. Any open or active line of credit on your credit report is called an open account. It doesn't necessarily include the credit accounts that are active. If you opened a credit card 5 years ago, but do not use it actively, it will still show up as an open account on your credit report.
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