RBS (Natwest) Student Credit Card

flyingscotno1

I got this credit card with RBS when I was a poor impoverished student with the limit of £500. It was a good card at the time to grab it without worrying about being declined for others. My student current account that was also part of the application is gone now I have graduated, however my credit card is still going.

I thought it would simply finish at the same time since they were linked but it expires in 3 months time- what happens then? Does it get renewed or am I better cancelling the card now I have better cards with better credit limits?

Moggles_2

In general, unless a card has a particular benefit, then I would close the account. Firstly, having lots of credit, even if not used, may put off potential lenders and secondly, by cancelling a card you can re-apply to that provider as a 'new' customer and take advantage of any introductory deals on offer

Btw, some lenders will not consider applications from former card holders for various periods following closure. The Royal Bank of Scotland stable (which includes Lombard Direct, Mint, NatWest, Tesco & Ulster Bank, as well as RBS itself) makes former customers wait eight months following closure of one of its cards, so closing this account might reduce your choice for a bit.