Credit Card limits and Mortgage?

alpine_monkey

Hello,

Just after a bit of advice re managing current credit with the aim of getting a mortgage next year.

I have just finished paying off a barclaycard credit card, and I'm now left with a £6100 credit available. The question is, if I want to obtain a mortgage in say a years time, should I;

a) cancel the card
b) keep the card but lower the credit limit
c) keep the card and the high limit?

I'm not going to use the card again, (unless to do so would improve my rating), and have one other credit card which I am paying off (2500 limit - will be paid off by December 2012.

I just want the best possible rating to obtain a mortgage! HELP ME PLEASE!!

CLAPTON

just use the card regularly for things you any way buy and pay in full every month
that will enhance or maintain your credit rating as it shows you can handle credit well

credit limit is fine

Miss_Spendalot_2

CLAPTON wrote: »

just use the card regularly for things you any way buy and pay in full every month
that will enhance or maintain your credit rating as it shows you can handle credit well

credit limit is fine

Good advice from Clapton

alpine_monkey

Thank you, I appreciate the help!