Quote:
Originally Posted by Russic
No. I've heard (so maybe somebody can confirm) that cancelling your credit card hurts your credit rating. Just keep monitoring the activity, which you should be doing anyway. Business as usual. Make sure your username/password combo to the psn isn't used by anything else. That is more of a threat imo.
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canceling your card and getting a replacement card doesn't hurt as you aren't getting a new credit cart but if you canceled your Scotia Card and applied for a TD Card then yes it would hurt your credit rating as it's new credit.