sawpping from one 0% card to another affects credit rating?

thelurch

HI,

I phoned up to cancel my sainsburys Credit card as it was paid off and didnt want it anymore.

Got the sixth degree by the operator on why I was cancelling, basically told her I dont want it as it had come to the end of the 0% interest free period and if I needed a credit card in future I would take out another 0% deal.

She told me that doing this will give you a bad credit rating, is this true?

I assumed it was lies just to stop me from cancelling but I wasnt sure.

She was trying anything to stop me from cancelling except offering me 0% interest!

Gordon_the_Moron

It can affect your credit rating if you apply for too many cards all at once but applying for one each time an offer runs out shouldn't do any harm.