What happens to credit score if you close a store credit card?
If you aren't carrying balances on other credit cards, it won't make much difference, unless it is your oldest account.If you want to keep accounts open, be sure to use them every 4 months or so to keep them from being closed due to inactivity.I recommend that you only keep store cards if you have some special purpose and actually use the account. If you do opt to close a credit card, do it via letter and request written verification that the account is closed and 0 balance. Keep your request and the verification in your "forever" financial file -- just in case.Do not close the card cause it lower you available credit line. You also can use this service to pre-estimate future scores for different scenarios of credit card payments. - freecreditreport.sinfree.net
If you aren't carrying balances on other credit cards, it won't make much difference, unless it is your oldest account.If you want to keep accounts open, be sure to use them every 4 months or so to keep them from being closed due to inactivity.I recommend that you only keep store cards if you have some special purpose and actually use the account. If you do opt to close a credit card, do it via letter and request written verification that the account is closed and 0 balance. Keep your request and the verification in your "forever" financial file -- just in case.Do not close the card cause it lower you available credit line. You also can use this service to pre-estimate future scores for different scenarios of credit card payments. - freecreditreport.sinfree.net