Target stolen cards implications on my credit?

[lorraineb]

I was reading the article that Target had 40 million credit cards stolen from their reader machines and that I should cancel my credit card. My question is will this hurt my credit score? The credit card I used is my oldest credit card. Does that mean I lose the entire history or is there a special thing credit agencies do when a credit card has been stolen so you keep the history of the card? What other issues might this cause my finances?

[jeffrey]

You should be OK. Usually when this happens, there is a note that the credit card was compromised and the history from the old account is forwarded to the new account. You shouldn't take a credit score hit for cancelling your card and you should keep your entire history.

[snafu]

Was your card compromised? When you check your Target account on-line do you see a problem? Were you notified your numerical group was part of the group hacked? Do you use your card without problem?