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If I get a store credit card, but don't use it, will it affect my credit score?
I have a Kay Jewelers card but I rarely shop there. I don't know if I should just hold on to it or cancel it. I do not owe any money on it or anything like that. In fact, I've never used it before.
I do have a credit card with my regular bank that I've had for many years.
3 Answers
- Anonymous8 years agoFavorite Answer
If your other card is a major credit card, you should cancel the the Kay card if you are no longer using it. Just make sure you get a confirmation that the card is closed.
Source(s): Retired bill collector 35 years - StephenWeinsteinLv 78 years ago
Yes. Having a credit card affects your credit score, because the credit is "available" to you.
Ironically, using it does not always affect your credit score.
- ?Lv 78 years ago
Just leave it open since its probably establishing your credit history as your oldest account.
If not your oldest account, close the darn thing.
