To Keep or Not To Keep?!

Jack1888

I'm no stranger to credit cards and because I now have a prime card, should I ditch the other credit building cards?

Would it look favourable on my file?

I currently have:

Capital One: £157/£200CR
Vanquis: £331/£1000CR (BT in place to Barclaycard)

I have a Aqua which I'd like to keep hold of as it'll be my main CR card until I have paid my BT balance on my Barclaycard.

I suppose what I'm asking is should I cancel C1 and Vanquis?

Any suggestions/tips, would be gratefully received:cool:

scotsgraeme

i'd keep them for a few months if i knew i wouldnt use them, get a few zero balances on the credit reports, then cancel them.
i'm in a similar boat to yourself, although havent yet got a prime card, i'll be holding off til i've moved house and settled in first.

SnowTiger

Jack1888 wrote: »

I'm no stranger to credit cards and because I now have a prime card, should I ditch the other credit building cards?

Would it look favourable on my file?

I currently have:

Capital One: £157/£200CR
Vanquis: £331/£1000CR (BT in place to Barclaycard)

Lenders who check your credit file don't see who issued the cards, but the low limits probably give them a clue.

Jack1888

i'd keep them for a few months if i knew i wouldnt use them, get a few zero balances on the credit reports, then cancel them.

That sounds like a plan to me! Cheers!

Lenders who check your credit file don't see who issued the cards, but the low limits probably give them a clue.

I thought lenders saw what I see on Credit Expert!! Crumbs!:rotfl:

Thanks for the advice guys. It's appreciated:D