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.
Why wouldnt noo one use it ? Come on now its victorias secret !!'
No, you cannot use a Victoria's Secret credit card at Bed Bath & Beyond. The Victoria's Secret credit card is a retail store card that can only be used at Victoria's Secret and its affiliated brands. Bed Bath & Beyond does not accept this card as a form of payment.
No, you cannot use a Victoria's Secret credit card for purchases at Bath & Body Works. The Victoria's Secret credit card is specifically for use at Victoria's Secret and its affiliated brands. For Bath & Body Works, you would need to use a different form of payment, such as a general credit card or a gift card specific to that store.
It will not affect your credit if you pay off the balance when you close the account.
You can simply write to the credit card company and close your account. Then you can cut up your credit card.
Get the credit card number
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.
No, it has to be settled before you can close it.
No, they are completely different accounts.
No, what usaully takes place is that the credit card company freeze your credit card account and you continue to make payments
You should not close a credit card if you are still paying on it. It will bring your credit score down. Close it when you are done paying. I know this because my mom owns her own credit repair/management business and she tells me what to do with my credit cards.
You cannot close it until you settle all your dues to the card issuing bank.