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Close card or keep active?

quidsy Posts: 2,181 Forumite

I have been fortunate enough to clear one of my debts, a cc with £650 limit on it.

My credit rating is pretty bad, which I am in process of improving, so what would be better for my credit rating;

1) Close the account

2) Keep account open with full credit limit avaiable but never used

3) Use the card for things normally paid for with debit card but pay off purchases immidiately without incurring interest

I don't respond to stupid so that's why I am ignoring you.

2015 £2 saver #188 = £45


    CLAPTON Posts: 41,865 Forumite
    Combo Breaker First Post
    depends upon your full circumstances

    but using the card and paying in full each month makes a lot of sense
  • grumbler
    grumbler Posts: 58,629 Forumite
    Name Dropper First Post Photogenic First Anniversary
  • fozmcfc
    fozmcfc Posts: 3,098 Forumite
    First Anniversary Combo Breaker PPI Party Pooper Debt-free and Proud!
    Firstly, well done for making progress on your debt clearing.

    I see it as, if you are going to be tempted to end up running up the card and not being able to pay it off each month, then cut the card up.

    If you feel as though you can manage to keep the card and use it sensibly and pay it off each month, then keep it.
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