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It will not affect your credit if you pay off the balance when you close the account.

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16y ago

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Does it hurt my credit to close a savings account?

no. You will hurt your credit when you close an open line of credit.


Does it hurt your credit to close out a victoria's secret card?

That would depend on several factors. If your Victoria Secret card has significant history on it, then yes, it can hurt your credit by erasing some of your credit history. Also, if you have a large credit line on your VS card (not likely since retail cards don't often have high limits), then closing it can reduce your credit utilization rate, thereby hurting your credit.


Does it hurt your credit score to apply for a credit card then not accept it?

yes


What is the procedure to Surrender a credit card?

You can simply write to the credit card company and close your account. Then you can cut up your credit card.


Is eliminating a credit card bad for your credit?

Yes. Eliminating a card will hurt your credit, not help it. If you have to get rid of a card, cut it up and stop using it, but don't cancel it.


How do you close a sale?

Get the credit card number


How can you close a credit card that has a delinquent balance?

No, it has to be settled before you can close it.


What happens to my credit card if I close my bank account?

If you close your bank account, your credit card account will typically remain open and unaffected. However, you will still be responsible for making payments on your credit card balance as usual.


Does it hurt your credit if a credit card company closes your acouunt because you aren't using the credit card?

No. It will show on a credit report as an account closed due to inactivity. It has no effect on your credit score.


Can a bank close your credit card if you a behind in your mortgage but up to date on your credit card?

No, they are completely different accounts.


Say I make a purchase at a store and later on have to return the item. Does it hurt my credit if I return the purchased item Does it matter if money is credited on card or returned in cashstore cr?

No, it does not hurt your credit. No, it doesnt matter, when you return an item that you purchased on credit, they ask for your card and return the money onto your credit card!


Does canceling a new credit card hurt your credit score?

Canceling your card can hurt your credit score..... SORRY!! You should not cancel even if you intend not to use it. One credit secret is the more available credit not in use the better you look. I.E. percentage of revolving debt compared to available-it helps reduce that and increase your number.