So I was interested in making a larger purchase recently and saw Paypal's credit's 6 months no interest if it's over $100 deal. This was perfect for my situation so I signed up for the program and was approved for 1,250.00 in credit. Hooray. Come to find out I was not able to use the credit to make my purchase because the stupid security system kept denying my payments. I was **bleep**, but that's for another post. The window for purchasing the item I want has closed, I do not intend on using the credit at any point in the future. I want to cancel my account, but am worried about the impact it will have on my credit score. I am a young college student with only one credit card, no debt, and only around a 15% untilization rate. The Paypal Credit account has only been open for around a week. Anyone have any experience with this? Will canceling this card destroy my (Very good) credit score? Should I just keep it for now?
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