Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Cards
Profile Image

Question By
Ultimatus

0 Contributions
0 People Helped
How will canceling a credit card affect my score?
Recently, I very stupidly signed up for a credit card without thinking and i want to cancel it as fast as possible. I have heard that canceling a credit card can affect a persons score and i want to find a way to cancel it without it affecting it if at all possible. This is the first credit card I have ever had and i dont plan on using it. I cant see my credit score because there isnt enough information and im wondering if canceling this will lower it even though i cant see it.

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
5038 Contributions
1136 People Helped

You don't have a credit score because you don't use credit. Why would you want to cancel the opportunity to build credit? Have you read what it takes to build credit? Do you understand that you will need a credit card to build credit? Do you know that not having credit is almost as bad as having bad credit?

DO NOT CLOSE THE CARD!!!!!!!!

DO SOME READING ON BUILDING CREDIT!!!!!!!!!!

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.