Multiple credit cards with £0 balance

chrisnow

Hi

I have 5 credit cards that are all now cleared, until recently some of these cards had over £1000 on them which has taken me quite a while to clear.

I am wondering now in terms of credit rating whether it will be better for me to keep the credit cards which are now on £0 or to cancel them?

Thanks

Chris

bengalknights

Usually more credit equals more risk depending on which cards and the limits on them i would say maybe cancel 2 of the lowest limit cards.

PNPSUKNET

to eliminate the temptation of getting in the same situation , get rid of those that dont earn you anything. I have x3 cards all with different loyalty discounts as soon as one stopped will get rid.