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What does closing a store credit card do to your credit?

What does closing a store credit card do to your credit? - credit cards debit cards

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11-23-2009, 09:07 AM

Xanthia Alysha Xanthia Alysha is offline

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What does closing a store credit card do to your credit?

Two questions:

1) If I have a store card that I don't really use anymore, what effect would closing that card have on my credit?

2) Stores always ask me to open a store card to save 15% and say I can close it later if I don't want it. I always say no. Wouldn't it negatively affect your credit score to be doing that all the time?