Closing card before applying for new 0% card

wulfhere

Hi, I have an old card from a previous 0% balance transfer. However, I never actually closed it down. I don't need this card or the credit.

Now, I need to apply for another 0% offer with another card. Would my application for this new card be affected by the spare dormant credit on this old card. Obviously I'm wondering if I should close the card before applying for the new one.

stephane_2

if you don't need the credit why would you want to apply for another one?

wulfhere

Why would someone want to apply for 0% credit??? Geez - that's a hard one! What are you doing in this forum!!!

stephane_2

wulfhere wrote: »

Hi, I have an old card from a previous 0% balance transfer. However, I never actually closed it down. I don't need this card or the credit.

Now, I need to apply for another 0% offer with another card. Would my application for this new card be affected by the spare dormant credit on this old card. Obviously I'm wondering if I should close the card before applying for the new one.

You said it yourself "you don't need the credit" so why do you ask???

wulfhere

TARTING!

I need to move debt to a 0% card. I have lots of unused credit on other cards.

So, the question is: will this existing card which has unused credit (at 17% APR) on it impair my application for a new card (at 0%)?

stephane_2

if you have several unused CC which shows a lot of available credit then YES I would suggest that you close the card/s which you don't need before applying for a new one. But closing a CC may take a couple of months to appear on your credit report as a closed/settled account...

wulfhere

OK, thanks for the feedback. I have to apply for the cc soon and so I guess I just have to hope for the best with the application.