to close a card or not close a card

lndac02

Hi
advice please! I have a RBS credit card which I took only because it had 16 months interest free payments. I have £250 left to pay and the interest free period runs out in December 2013. I will clear this outstanding amount and will not be completing any further purchases using the card.

My question to the wise amongst you is, should I close the card down, or leave it open and not use it? which best affects my credit report

Thanks to all

[Deleted User]

It depends on your other available cards, limits and income. Alway wise to have at least a couple of cards available to you, and use them on a regular basis.

mateyboy

If this is the only card you have :

You could apply for another card before you clear the balance then close,so you have always got one card active with the 0% spending option on the new card available when you need it.

lndac02

thanks or the replies.

I already have a MBNA card which I use for normal purchases and gives me a 1% payback. The RBS card was only applied for, for a big purchase which I have gradually cleared interest free over the last 13 odd months. Does having 2 cards irrespective of whether I am not going to use one of them (RBS) enhance your credit report or detract and make you look as if you already carry too much credit on your credit reports. I currently have a zero balance on my MBNA card.

Thanks