credit cards

ansoncat

I frequently take out new credit cards with 0% interest on balance transfers. should i cancel any old ones i have? also if i do, can i apply to these companies for a new one at a later date?

thenudeone

Impossible to say without knowing all your other financial circumstances.

Your credit "rating" depends on:
income
property type
payment history
available credit
credit balances owed

If you have high total available credit (> 50% of income) this will harm your chances, so closing some accounts is a good idea.

If your available credit is still low (<25%) it won't make much difference.