Cancel Walmart credit card + Target Red Card?

Discuss anything related to interest rates & fees, like balance transfer offers, low rate cards, annual fees, etc.
3 posts
Philosophuer
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Cancel Walmart credit card + Target Red Card?

Postby Philosophuer » Thu Apr 05, 2012 8:25 pm

I don't really carry balances, and I recently closed my Target red card and Walmart credit card, I don't see a value in using them. I've had them both for under 2 years, will closing them affect my score?


DavidNY
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Postby DavidNY » Thu Apr 05, 2012 8:49 pm

Probably just a little. I have the Target debit card for the 5% off, I see little need for their credit card that can only be used at their stores and website.

Money card
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Postby Money card » Thu Apr 05, 2012 11:04 pm

I agree with you philosophuer. Unless you are a student with no credit or if you work for the store, there's no reason to have there cards when you can only use them in one place. You did the right thing.

It will take a little hit, just like when I close out accounts it does to me. You have better cards in your wallet than those 2 stores.

Your score will eventually go up again.



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