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Credit Tart question

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Hi,


I'm a credit tart and have just moved to another card. My question is, each time I jump to another card I have not cancelled the one I have moved from so I now have 3 cards that I don't use - should I cancel these cards? A friend has said that it looks bad if you do cancel them but once the transfer is done I either lock the card in the safe and never use it or put it through the shredder anyway.


Opinions welcomed, thanks

Comments

  • [Deleted User]
    [Deleted User] Posts: 35,242 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Cancel a couple. Locking it away in a drawer still has the credit available to you.
  • Kendall80
    Kendall80 Posts: 965 Forumite
    Ninth Anniversary 500 Posts Name Dropper
    Its better to cancel them so that you are eligible for the respective providers interest free period sooner. Some have 6 month periods and some have 12 month periods during which you are ineligible.
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