What happens to credit score if you close a store credit card?

July 5, 2009 by admin  
Filed under Questions and Answers

I have a few store credit cards (Macy’s, Banana Republic, etc) in addition to a major credit card. I want to cancel some of the store credit card, but I don’t know how that effects my credit rating. I think closing credit cards in general lowers credit scores, but what about those store cards?

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