Closing a Store Card Vs. CC

[Mtgrizgirl]

I am not having luck finding info if closing a store card like Macys or Kohls hurts your credit like closing a CC does. 

[AverageJoesCredit]

To me , and this is my opinion, closing a store card vs a major is same thing, you are still closing a credit card. They will both stay on your reports upward of 10 years or more, so it really affects maybe your utilization. Depending when they fall off then it can affect your aaol. So deciding to close a card will not be the end all be all of your credit . Now if you only have 1 credit card, i wouldnt want to close it though

[Anonymous]

Same thing. Provided account is paid in full & closed on good terms the only impact on you is utilization. Just closed my oldest card yesterday because it had zero benefits & WF refused to increase the limit as the card started life as a rebuilder low tier. Won't hurt my average age & reports for next 10 years, and I'm only losing $1.6k/42k total trade lines.

[B335is]

---

@Mtgrizgirl wrote:

I am not having luck finding info if closing a store card like Macys or Kohls hurts your credit like closing a CC does. 

---

Closing a CC won't necessarily hurt your credit either.  Just consider your utilization before doing so and you'll be fine.  I actually just closed my Macy's ccard ($25k store limit + $25k Amex limit) and no impact to my CR.

[Anonymous]

I've never closed a card before myself but some do for better rewards can't say I blame them lol.