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
EmpathicIquiry

0 Contributions
0 People Helped
Should I cancel these two cards?
I have 4 cards: Chase Amazon Rewards, BankofAmerica, Goodys, and Victoria's Secret. The Chase and BankofAmerica credit cards I actively use but the Goody's and Victoria's Secret cards I do not use. I have NOT used them, at all, and want to cancel them but I don't know if that will affect my score. I have poor credit right now because I'm paying off my Chase and BOA cards and don't want to make it worse. Should I cancel the Goody's and Victoria Secret cards?

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
7168 Contributions
1393 People Helped

DON'T DO IT!

Cancelling these cards would have a significant negative impact on your credit as you do not have many accounts. Leave them open and be sure to take the time to read everything that you can about 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.