What happens to Credit Score if you close a store credit card?
I have a few store credit cards (Macy’s, Banana Republic, etc) in addition to a major credit card. I want to cancel some of the store credit card, but I don’t know how that effects my Credit Rating. I think closing credit cards in general lowers Credit Scores, but what about those store cards?
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
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