Comments on: What happens to credit score if you close a store credit card?

By: bdancer222

bdancer222 — Wed, 15 Jul 2009 11:53:11 +0000

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.

By: Belton

Belton — Mon, 13 Jul 2009 06:31:49 +0000

A bad credit rating is obviously a big worry – if you are unsure of what rating you have then you should get it checked out – I tried at – it gave an accurate picture of my credit worthiness!

By: Jim

Jim — Sat, 11 Jul 2009 04:18:20 +0000

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

By: Herbal Medication

Herbal Medication — Fri, 10 Jul 2009 08:45:30 +0000

i have similar experience, read it at

By: J B

J B — Fri, 10 Jul 2009 04:31:43 +0000

Part of your FICO score is based on length of credit history. Unless you have an annual fee, keep your oldest cards. Read about closing cards here:

Also, part of your FICO score is based on your debt-to-credit ratio. So, if all your available credit equals $9,000 and you owe $3,000. Your debt is 33% of your available credit. If you close an account with $3,000 available credit, your debit is now 50% of your available credit. Read about that here:

While you are on, click on Credit Education and read all the great stuff on that page.