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troa

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have a 707 score just applied approved for victoria secret CL of $750. Having second thoughts.
got approved 72 hours ago I am thinking of calling them up and refusing the card as I will be asking for a hefty student loan in the near future. should i cancel the VS card? will it look bad on my credit report? will it even show up if i cancel it now??

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Don't cancel it since that will adversely affect your credit score, as is explained in the articles here.  Just lock it up safely and let it die on its own.  That won't hurt your score.

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Agree with jwsister, any harm done to your score by asking for and getting the card can not be undone even if you refuse/close.  Keep it, use it once a year and pay off in full on the next statement. This will help your score tremendously in the long run, as you are building a history, with average age of credit growing.

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Don't cancel it!!!!

Don't cancel it!!! It will help your credit to keep it. Warning, do not use over 20% of the card, 9% is the best utilization rate though. Buy a bra once a mth and pay it off as soon as you get your bill. In a year when your looking at that loan your credit will be amazing. Good luck!   

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