CC no longer used - close account or retain it?

Wallenstein

I've recently switched from a LloydsTSB Mastercard/AmEx credit card to a Sainsburys Mastercard.

As I always pay off the balance the interest rate doesn't bother me, so I'm only interested in the rewards - the LloydsTSB was airmiles, which took ages to build up and are not useful to me, so I've moved to a Nectar card with S'burys.

My question is: what should I do with the LloydsTSB account? I have cut the cards up and the balance is zero, but I wasn't sure whether it's best from a credit score point-of-view to close the account formally, or to leave it dormant with no activity.

I guess I'd rather close the account but wasn't sure whether opening and closing credit accounts might impact my score.

All thoughts welcome!

OllyM

The Sainsburys credit card is rubbish too, at 1 point per £5 spent outside of Sainsburys that is equivalent to 0.1% cashback!

You'd be far better off with a proper cashback card or if you really want Nectar points the American Express Nectar card which gives you 1 point for every £1 you spend (0.5% equivalent).