We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Unused Cards.
jasons6930
Posts: 9 Forumite
in Credit cards
Hi all,
I know this has probably been asked many times before, but, i have around £8000 on 2 credit cards that is unused, and has been for a while since the 0% deals ran out on them, and i am currently running 2 others which still have 0%.
Would i be wise to try and close these unused cards?
One of them is a Citi card, and from reading all the horror stories on here about dealing with them, im not sure i can do with all the hassle!
Thanks in advance!!
I know this has probably been asked many times before, but, i have around £8000 on 2 credit cards that is unused, and has been for a while since the 0% deals ran out on them, and i am currently running 2 others which still have 0%.
Would i be wise to try and close these unused cards?
One of them is a Citi card, and from reading all the horror stories on here about dealing with them, im not sure i can do with all the hassle!
Thanks in advance!!
0
Comments
-
Always close unused CC accounts as they will still have an impact on your file.Credit card and overdraft at 18. 2 loans and 3 storecards at 20. University education flushed down the toilet through debt at 22. Car finance at 23. Car repossessed at 24. Rock bottom at 25. Learnt my lesson 26-33. Now 34 with a mortgage on an affordable house, a car paid for with cash and a bank account in credit. I learnt the hard way.0
-
I think you have to treat each credit card on its own merits. The market-leaders have regular, follow-on offers and some lenders will even waive BT fees now and again, if you're prepared to negotiate over the phone. Others (eg. Citi) reserve their best deals for new applicants.
Also, I would think twice about closing Egg or my last MBNA card (eg. MBNA itself, Virgin) as these allow you to route funds via your current account at BT rates
People who don't know their rights, don't actually have those rights.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.2K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247.2K Work, Benefits & Business
- 603.8K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards