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Is it ok if I close an account I just opened with an online retailer

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Anonymous
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Is it ok if I close an account I just opened with an online retailer

I just opened an account with fingerhut to build my credit and saw how ridiculous the prices are just for a pair of socks.  Would it hurt my credit score if I close this account, or should I just keep it open? 

Message 1 of 12
11 REPLIES 11
Anonymous
Not applicable

Re: Is it ok if I close an account I just opened with an online retailer

Close it
Message 2 of 12
Anonymous
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Re: Is it ok if I close an account I just opened with an online retailer

Will the hurt my credit? Also will it be difficult to get another credit card?

Message 3 of 12
gdale6
Moderator Emeritus

Re: Is it ok if I close an account I just opened with an online retailer


@Anonymous wrote:

Will the hurt my credit? Also will it be difficult to get another credit card?


http://ficoforums.myfico.com/t5/Credit-Cards/Closing-Credit-Cards/m-p/347190?jump=true

Message 4 of 12
Anonymous
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Re: Is it ok if I close an account I just opened with an online retailer

Get a secured card. Credit building is a marathon. Don't be that guy with 2000 toy limit store cards.
Message 5 of 12
Anonymous
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Re: Is it ok if I close an account I just opened with an online retailer

Thank you very much!  Appreciate you taking the time!  

Message 6 of 12
Anonymous
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Re: Is it ok if I close an account I just opened with an online retailer

I just had two new accounts report to all three, and the accounts were opened and closed before they even reported. My scores didn't change.

Message 7 of 12
CreditCuriosity
Moderator Emeritus

Re: Is it ok if I close an account I just opened with an online retailer


@Anonymous wrote:

I just had two new accounts report to all three, and the accounts were opened and closed before they even reported. My scores didn't change.


Your AAoA did though Smiley Sad

Message 8 of 12
Anonymous
Not applicable

Re: Is it ok if I close an account I just opened with an online retailer

If there is no AF, leave it open
Message 9 of 12
Anonymous
Not applicable

Re: Is it ok if I close an account I just opened with an online retailer

^ no sense in leaving a useless card open, especially a store card. it'll automatically close with non-use anyway but if the limit sucks compared to the rest of your limits then ditch it
Message 10 of 12
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