Yes it is basically a closed revolving account. No negatives no credit line just shows a new balance with an account number. Checked my scores here and no changes at all. I have a receipt from the store with the payment.
Chase Freedom-(1000) BOA 123-(2000) Home Depot-(4000) Discover IT-(1000) Lowes GE-(1500) Orchard Bank-(300) Regions Student Visa-(500) Best Buy Reward Zone-(500) In the garden till 4/01/2015