Which Cards to send back?

Paul_Herring

david78 wrote:

You might be better cancelling one card a month, so as not to draw attention on your files at the CRAs.

I too would be interested in the benefit of doing this?

Cancelling them all at once would get your 'on file' credit limit down quicker, potentially resulting in a larger credit limit for the next card successfully applied for.

Chadsman

Cancelling a lot of cards at once may shows that you have no loyalty once the intro offer is over.

Paul_Herring

Chadsman wrote:

Cancelling a lot of cards at once may shows that you have no loyalty once the intro offer is over.

So will cancelling a lot of cards in a (relatively) short space of time surely (i.e. one a month)? I still fail to see how this is somehow more benificial than cancelling them ASAP

As an aside, the most that Grumpy can do (from the first post) is 3 this month, 1 next then a further 10 months before the last. Not a great number of cards.

Question to Grumpy - did they all finish at the same time or have you just 'hung onto them' and decided to get rid of them now?