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Cancelling new credit card

I have recently been accepted for a new Barclaycard but have decided I don't actually need it anymore. It is a platinum card with no annual fee. Should I cancel it as soon as it arrives or can I activate it but not use it? If I cancel it do I need to call up or do I simply not activate it in the first place? I only have one other credit card that is at about 50% credit limit.

Comments

  • grumbler
    grumbler Posts: 58,629 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    If you really want to cancel it's definitely worth contacting them.
  • Cycrow
    Cycrow Posts: 2,639 Forumite
    what is the apr like on the new one, compared to the old one ?

    if its lower, it might be worth using the new one instead
This discussion has been closed.
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