We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Need some advice
tom222
Posts: 70 Forumite
in Credit cards
Hi, just want a quick bit of advice on my credit card situation.
I currently have 2 (soon to be 3) credit cards and I want to close one of them, but the one I want to close is my longest line of credit.
I have a Natwest YourPoints card with a £1,500 limit which I don't use anymore at all, hence why I want to close it, but I have had it for 5 years.
Then I also have a Halifax Clarity with a £1,100 limit which I've had for about 6 months.
And I have just applied (and been accepted for) a TSB Platinum Purchase card with a projected £4,500 limit.
I also have a Halifax Clarity loan and an unblemished credit report.
I'm just a bit worried about closing the Natwest card, even though it is of no use to me whatsoever, due to reading not to close your longest line of credit, etc. I'm hoping to apply for mortgage within the next year or two so should I close the card or just leave it dormant? But then I'm worried about fraud as I never check my Natwest accounts.
I currently have 2 (soon to be 3) credit cards and I want to close one of them, but the one I want to close is my longest line of credit.
I have a Natwest YourPoints card with a £1,500 limit which I don't use anymore at all, hence why I want to close it, but I have had it for 5 years.
Then I also have a Halifax Clarity with a £1,100 limit which I've had for about 6 months.
And I have just applied (and been accepted for) a TSB Platinum Purchase card with a projected £4,500 limit.
I also have a Halifax Clarity loan and an unblemished credit report.
I'm just a bit worried about closing the Natwest card, even though it is of no use to me whatsoever, due to reading not to close your longest line of credit, etc. I'm hoping to apply for mortgage within the next year or two so should I close the card or just leave it dormant? But then I'm worried about fraud as I never check my Natwest accounts.
0
Comments
-
Keep it and check your statements if they come through.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.6K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.7K Work, Benefits & Business
- 603.1K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards