How Bad Will My Credit Report Be Affected If I Open And Close A Credit Card?
A Reader Asks…
When I go shopping, the store asks me if I want to save xx% off my purchase by signing up for a credit card. How bad will it affect my credit score if I sign up to get the discount. Pay it all off right away and canceling right after that? My first credit card received was in 2001 and I never plan on cancelling it.
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Tags: Affected, card, Close, Credit Score Help, Open, Report, Will
August 4th, 2009 at 9:00 am
If you do it often, it will have a negative effect. What shows is a record of frequently applying for new credit.