Monday, August 8, 2011

Will cancelling a credit card with zero balace hurt my credit?

I opened a Kay Jewelers credit card about 6 months ago, they gave me a limit of $500.00. I have never used or intended to use the card. I am currently in the process of rebuilding my credit and filled out the application just to see if i would be approved, I don't think i even activated it. Should i cancel it or keep it open?

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