Card Accounts Advice

JDC14

Hi,

Just looking for a bit of advice.

Currently I have 3 cards open;

Barclaycard Initial: Had for 20 months, never missed a payment, currently a balance of around £250. Limit has been £800 since the card was opened.

Capital One Classic: Had this for about 10 months now, limit recently raised from £500 to £800. Balance of £100.


Natwest Your Points: Opened around 2 months ago. 15 months 0% on purchases. Balance is around £400 (Driving Lessons). Limit is £2000.


--

I don't need 3 cards, I just need enough to cover my driving lessons, so balance of around £1000, but in future, maybe £2000 as I am looking to do a CIPD course, and paying it off in full and paying off card might be cheaper, than monthly payments.

Just wondered the best step to take. Thinking off closing the BC and CapOne cards in the next 2 months, as they have no offers on them, and thinking I should really be able to pick up another decent 0% deal with a balance of £1000+ but is that likely?

I'm only 20, so have no experience in closing down and moving onto other cards, I just seem to have opened one after the other - and I definitely don't want four!

Any advice/card suggestions would be appreciated.

[Deleted User]

I would keep all 3 - and certainly no less than 2.

You only have very low limits and it's very wise to have back up cards when one is lost or declined. You will also look quite indebted if you lower your limits and end up using half your available credit.

JDC14

Would it not be better to - pay off and close BC and CapOne and when balance is cleared on NW card, apply for another 0% card.

My limits should amount to roughly the same - but on 2 cards with good deals and lower APR, which would benefit
Me when potentially looking to borrow longer term when doing my course (circa £2k)