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  • FIRST POST
    • Welsh Dan
    • By Welsh Dan 6th Sep 17, 2:55 PM
    • 4Posts
    • 0Thanks
    Welsh Dan
    Two Barclaycards - Close one, or keep both?
    • #1
    • 6th Sep 17, 2:55 PM
    Two Barclaycards - Close one, or keep both? 6th Sep 17 at 2:55 PM
    Hello all.

    A long time since I've posted, but I'm within a £1000 of being debt free which is a great feeling.

    I have two Barclaycards. One was originally opened as a Barclaycard and has a £10000 limit. It is a Barclaycard Platinum, no annual fees and the balance is zero. I also have a second Barclaycard platinum. This was originally an Egg card, but after the merger or Egg was acquired by Barclays, the Egg card turned into the Barclaycard (Just like that! Magic!). This has a £15000 limit, but is also cleared.

    Am I doing my credit file any harm (or good) by having both cards and should I look at seeing if they can merge them in to one, or get rid of one, or keep them both?
    Last edited by Welsh Dan; 06-09-2017 at 9:21 PM.
Page 1
    • chelseablue
    • By chelseablue 7th Sep 17, 4:10 PM
    • 2,285 Posts
    • 2,811 Thanks
    chelseablue
    • #2
    • 7th Sep 17, 4:10 PM
    • #2
    • 7th Sep 17, 4:10 PM
    If you don't need all that available credit I would close one of them, just my opinion but I would keep the one that's been opened longest
    Mortgage starting balance 26.02.16 £231,294
    Mortgage after Year 1 £225,078
    • Heng Leng
    • By Heng Leng 7th Sep 17, 5:23 PM
    • 4,206 Posts
    • 1,284 Thanks
    Heng Leng
    • #3
    • 7th Sep 17, 5:23 PM
    • #3
    • 7th Sep 17, 5:23 PM
    Look at the APR, limits and any benefits.
    They might be willing to merge the limits too.
    • MABLE
    • By MABLE 7th Sep 17, 7:31 PM
    • 3,324 Posts
    • 1,765 Thanks
    MABLE
    • #4
    • 7th Sep 17, 7:31 PM
    • #4
    • 7th Sep 17, 7:31 PM
    I have four and three through migration. In my case no way would I cancel or merge limits. The reason being I get offers on them every month and every offer is different on all four cards.
    • Ficofuture
    • By Ficofuture 7th Sep 17, 8:23 PM
    • 28 Posts
    • 4 Thanks
    Ficofuture
    • #5
    • 7th Sep 17, 8:23 PM
    • #5
    • 7th Sep 17, 8:23 PM
    Never close a card, thats NEVER !
    • Heng Leng
    • By Heng Leng 7th Sep 17, 9:57 PM
    • 4,206 Posts
    • 1,284 Thanks
    Heng Leng
    • #6
    • 7th Sep 17, 9:57 PM
    • #6
    • 7th Sep 17, 9:57 PM
    Never close a card, thats NEVER !
    Originally posted by Ficofuture
    I close any account that has no further use to me.
    • jonesMUFCforever
    • By jonesMUFCforever 7th Sep 17, 10:09 PM
    • 24,163 Posts
    • 11,442 Thanks
    jonesMUFCforever
    • #7
    • 7th Sep 17, 10:09 PM
    • #7
    • 7th Sep 17, 10:09 PM
    Is the old Egg one now the cashback card?
    Since the demise of their partnership with AMEX it is only 0.5% on the card but better than nothing?
    What goes around - comes around
    give lots and you will always receive lots
    • Welsh Dan
    • By Welsh Dan 8th Sep 17, 12:37 AM
    • 4 Posts
    • 0 Thanks
    Welsh Dan
    • #8
    • 8th Sep 17, 12:37 AM
    • #8
    • 8th Sep 17, 12:37 AM
    None of them are cash back cards as far as I am aware. With regards to what Mable said, I do get different balance transfer offers on them, so that is something to consider. My main concern is how it looks on my credit record.
    • bigadaj
    • By bigadaj 8th Sep 17, 6:06 AM
    • 10,655 Posts
    • 6,959 Thanks
    bigadaj
    • #9
    • 8th Sep 17, 6:06 AM
    • #9
    • 8th Sep 17, 6:06 AM
    Waht other credit do you have how many cards, what balance and what limits?
    • Welsh Dan
    • By Welsh Dan 11th Sep 17, 11:18 AM
    • 4 Posts
    • 0 Thanks
    Welsh Dan
    I have the two Barclay cards, one Halifax (limit £7k), one HSBC (limit £2200), one Tesco (limit £5500), one MBNA (limit £16000). All are paid off, with the exception of the Halifax which has a 0% for two years on it for a balance of £5600. I have £5400 in an ISA, but that's earning more than the Halifax is costing me.
    • zx81
    • By zx81 11th Sep 17, 11:21 AM
    • 14,042 Posts
    • 14,728 Thanks
    zx81
    It's probably advisable to lose one of them, so that all the available credit doesn't count against you in future.

    It certainly wouldn't do any harm in the eyes of lenders.
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