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Old 02-19-2014, 09:54 AM
 
Location: Angier, NC
130 posts, read 444,140 times
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My bank issued me a new credit card (new number) due to the Target security breach. Does this, and if so, how does it, affect my credit score? How are things typically handled in these types of situations? Thanks!
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Old 02-19-2014, 10:00 AM
 
Location: southwestern PA
20,419 posts, read 38,762,876 times
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Should not affect your score at all.
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Old 02-19-2014, 10:13 AM
 
Location: Southern California
12,531 posts, read 11,115,926 times
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Only if you closed the account and had a new account opened. Even then only minimally. If they just issued you a new card on your account then no affect at all as Pitt Chick mentioned.
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Old 02-19-2014, 10:17 AM
 
Location: Las Vegas/SF Peninsula/South Lake Tahoe
2,049 posts, read 1,380,201 times
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Does anyone know if the Target breach affected the Target debit cards, as well? I better check into this.
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Old 02-19-2014, 10:22 AM
 
Location: NJ
25,091 posts, read 31,282,659 times
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people seem really worried about their credit scores. are credit scores really so sensitive to every minimal action? ive never given much thought to my credit score, I figure if I pay all my bills on time, my credit score will be fine. I saw my credit score yesterday, I think it was 770 something or so. last time we saw my wife's and mother in law's we saw theirs was better than mine. I believe that was primarily due to time. they both had credit years before I did.
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Old 02-19-2014, 10:24 AM
 
Location: Angier, NC
130 posts, read 444,140 times
Reputation: 74
I am trying to build it up - we are debt free other than mortgage and have a limited history due to our age. Can't get a rewards/cash back card from anyone so I am trying to keep/get the score up higher!!

Last edited by Riley14; 02-19-2014 at 10:25 AM.. Reason: eta
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Old 02-19-2014, 01:12 PM
 
Location: Long Island
9,305 posts, read 19,605,117 times
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Quote:
Originally Posted by Erratikmind View Post
Does anyone know if the Target breach affected the Target debit cards, as well? I better check into this.
I have heard that yes, all cards were affected.
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Old 02-19-2014, 04:51 PM
 
723 posts, read 1,918,372 times
Reputation: 924
Quote:
Originally Posted by CaptainNJ View Post
people seem really worried about their credit scores. are credit scores really so sensitive to every minimal action? ive never given much thought to my credit score, I figure if I pay all my bills on time, my credit score will be fine. I saw my credit score yesterday, I think it was 770 something or so. last time we saw my wife's and mother in law's we saw theirs was better than mine. I believe that was primarily due to time. they both had credit years before I did.
If the card issuer does not appropriately code the replacement account then it could possibly show up on the various credit reports as a new tradeline which could affect your average age of accounts, debt to credit ratio and other stuff as well. CRAs are smart enough to have provisions for lost/compromised accounts but its up to the card issuer to do it properly.

This could be a really big deal if you are for instance trying to purchase a house via FHA loan which has a cutoff score.
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Old 02-20-2014, 02:50 PM
 
Location: 23.7 million to 162 million miles North of Venus
5,585 posts, read 5,283,171 times
Reputation: 4359
Quote:
Originally Posted by emerald_octane View Post
If the card issuer does not appropriately code the replacement account then it could possibly show up on the various credit reports as a new tradeline which could affect your average age of accounts, debt to credit ratio and other stuff as well. CRAs are smart enough to have provisions for lost/compromised accounts but its up to the card issuer to do it properly.

This could be a really big deal if you are for instance trying to purchase a house via FHA loan which has a cutoff score.
^ this

The creditor should give the new card account the same open date as the one that they had replaced. If it's being reported on your credit reports as a new account (recent open date) then call the creditor and request that they give the new one the same open date as the old one.
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