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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.
What else can I help you with?
Does anyone have a Victoria's Secret Secret Rewards Card they wouldn't use?
Why wouldnt noo one use it ? Come on now its victorias secret !!'
If you close a credit card will it hurt your credit?
It will not affect your credit if you pay off the balance when you close the account.
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.
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.
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.
Can you close your credit card account and continue to make payments?
No, what usaully takes place is that the credit card company freeze your credit card account and you continue to make payments
If you close out some of your credit card accounts and continue to pay them off will that increase your credit score?
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.
What happens when you close a credit card with a balance?
You cannot close it until you settle all your dues to the card issuing bank.
Can a bank close your account after bankruptcy if you never bounced checks and have no line of credit with them?
No, the banks can not close your saving and checkings account. If you have credit card debts then yes they can close your credit cards.
Does cancelling a credit card affect your credit score?
Yes, canceling a credit card always reduces your credit score. It never improves your credit score if you cancel a credit card account. If you have had the card for more than 2 years, or if you have a substantial amount of available credit at the time that you close the account, then the reduction in your credit score is even greater. However, if it makes sense to you to close the card, and you do not plan large purchases in the near future, your credit will recover without your feeling the difference.
