A little advice please

caz2003uk

Hi everyone!

Just wondering what to do ...

My husband has 3 credit cards. First is a Barclay Card with a limit of £2400 and £2k+ balance with 0% on BT and purchases until March 2014 (Which thanks to the information on this forum I arranged earlier this year)

Second is his Nationwide credit card, limit of £1500 balance £0 - unused since transferred to Barclay Card

Third is a Capital One, limit £500 - Balance £0 - Never been used!

On the CRA files Cap One are leaving green marks every month even though its not being used. Nationwide are also doing the same.

Im wondering whether to close the Nationwide or Cap One, or both, or none?

Is it a good thing for the future to have these 2 cards on file, unused? Especially if there may be a possibility of wanting a new 0% BT offer....what will help in getting that? Keep or close?

Thanks in advance

jonesMUFCforever

Keep one card for emergencies.
You are never guaranteed to get any new cards.

caz2003uk

jonesMUFCforever wrote: »

Keep one card for emergencies.
You are never guaranteed to get any new cards.

Oh i know its not a guarantee ...i meant what would make it more likely versus ruining the chances

geekonthepc

Credit card companies are always going to be concerned when you have credit agreements with large available balances that you aren't using. If the card has no benefit to you at all, I'd get rid of it as this will keep your unused credit from getting too high. However, it makes sense to keep at least one card free for emergencies.

chattychappy

geekonthepc wrote: »

Credit card companies are always going to be concerned when you have credit agreements with large available balances that you aren't using. If the card has no benefit to you at all, I'd get rid of it as this will keep your unused credit from getting too high. However, it makes sense to keep at least one card free for emergencies.

I think this is overstating it. Most of my CCs currently have zero balances, the one with the largest credit limit being Natwest - £11K. They've just written to increase it to 13K. (The last time it was used was two months ago.) I currently have about 20% of my available credit used.

I don't have problems obtaining new credit.

Not saying it's not a factor at all, but I think it's pretty minor.