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
spork0814

0 Contributions
0 People Helped
Should I cancel my Hot topic credit card I just got?
I m new to credit cards and I just got a secure card from my bank a couple months ago. I went to hot topic and applied for a hot topic card only to get a discount off my purchase. Now my card is here and I don't know what do do. If I cancel it will I hurt my credit score? I paid off the money owed the same day at the store so I don't owe anything or should I keep it? I hardly ever shop there. I know I screwed up but can someone help me fx this please

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
7370 Contributions
3810 People Helped

You didn't screw up. :)

You just need to get a better understanding of how credit works and the articles on this site help with that.  They sure helped me and I studied business!!!  Don 't cancel that Hot Topic card, even if you never use it again.  Whatever the credit limit granted with that card is, it helps your credit score. So does the secured card. Hang on to them both! If you don't use them, keep them (and your Social Security card BTW) locked up someplace safe. Now, start reading the information on this site so you become credit smart.  You've got a good start because you came here to ask a question before you might have done something stupid that would have hurt you.  Relax, read, learn and you should do fine for the rest of your life.  

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.