Is it best to close credit cards that are not used any more?

PlutoinCapricorn

I got a letter from my bank about a credit card that I had not used for a while: if I did not use it by the deadline, it could be cancelled. I used it to buy something to keep it open.

planteria

joe134 wrote: »

I think they are gonna let you off, no letter yet?:T

i like the idea. but it won't surprise me if they tell me that they sent it back in April-time.. they have form for poor service like that:(

planteria

joe134 wrote: »

I got m/s as a backup.0.5% is better than nothing.wife uses m/s a lot, she can have c/b or vouchers there 1%, and get her tea/cake there with them.etc probably she will still use amex there.
I have never had any cb on hsbc, or, any benefits,in 20 years of having it, except when I was in the Premier a/c, never used it since.was my first cc.
may close it, but, after capone, too many at once doesn't look good, although . I aint bothered about credit rating, at my age,I only use cards for cashback.
use amex all the time, but, occasionally have to use backup.
fingers crossed, you get let off;) or, even 0.5%.

0.5% isn't enough for me, to be honest. i would be more inclined not to bother with a backup, and use a debit card for the odd purchase that won't take Amex.
i've recently opened an M&S Current Account, though. you've made me think there...isn't there a 'free cup of tea' or something along those lines, or am i out of date? the M&S that is walking distance from me is very good...as i rediscovered going in there to spend Giftcards;)

joe134

planteria wrote: »

0.5% isn't enough for me, to be honest. i would be more inclined not to bother with a backup, and use a debit card for the odd purchase that won't take Amex.
i've recently opened an M&S Current Account, though. you've made me think there...isn't there a 'free cup of tea' or something along those lines, or am i out of date? the M&S that is walking distance from me is very good...as i rediscovered going in there to spend Giftcards;)

I'm looking to open a bank A/c with them, as they have a 6%regular savings scheme, same as Hsbc,( which I have,) so it slots together well.Don't know about free cuppa?Had to write to Boland last year, couldn't get a cup of hot water for daughter, doesn't drink tea/coffee, ( pay) without a pot of tea,said she could use wifes tea bag. accused of cheating, in London flagship store. They sent £10 voucher,and apologised.EDITED;
Leave that to OH I just get the CC's .I do anything but shop.Wife will shop for England She's off to M&S now, there yesterday. probably take todays ,back tomorrow.:rotfl:

planteria

whereas i don't trust mine with the credit card;) and i like food shopping;)
i'm sure there was a free cup of tea at some point..

joe134

planteria wrote: »

whereas i don't trust mine with the credit card;) and i like food shopping;)
i'm sure there was a free cup of tea at some point..

Just asked OH, she says there was, a while ago.Not on now.:beer:20% off at the moment.

planteria

good work. i think that was with the credit card? i'm even more likely to use my debit card now then, as no point getting the M&S Credit Card in the hope of free tea;)

joe134

planteria wrote: »

good work. i think that was with the credit card? i'm even more likely to use my debit card now then, as no point getting the M&S Credit Card in the hope of free tea;)

Buy it with your CB.:0.5% zero with debit card, although, don't M&S bank A/c give CB with their debit card.?I think they do?:oops like your cuppa, probably gone:-)just looked

joe134

joe134 wrote: »

Buy it with your CB.:0.5% zero with debit card, although, don't M&S bank A/c give CB with their debit card.?I think they do?:oops like your cuppa, probably gone:-)just looked

ThougHt it was.BUT, only by switching.I have a few A/cs lying doing nowt;:j plus £100


M&S Current Account
Now with access to our highest savings rate
Open an M&S Current Account and you’ll enjoy:
Access to a 6% AER/gross fixed rate for 12 months with our M&S Monthly Saver*
Banking with NO MONTHLY FEE
Earn 1 point for every £1 spent on your M&S Visa Debit Card in M&S (in store and online) through the M&S Loyalty Scheme
Exclusive preferential rates on selected M&S Bank products
Automatic £500 overdraft at account opening – with the first £100 interest free 15.9% EAR variable (subject to status)
Banking online, in branch or via our 24 hour UK call centre;

planteria

Earn 1 point for every £1 spent on your M&S Visa Debit Card in M&S (in store and online) through the M&S Loyalty Scheme

http://bank.marksandspencer.com/banking/mands-current-account/overview/

no monthly fee, as opposed to at launch:

http://www.moneysavingexpert.com/news/banking/2012/07/ms-bank-reveals-its-current-account

and yes, the 6%RegSav is a good rate. i have the HSBC-version too. don't reckon i'll bother though. will probably transfer this account elsewhere for another incentive.:lovethoug

and back onto topic.... yes, overall, i would say that unless there is a good reason to retain a credit card, i would close it