Cancel Subprime Card?

neil_s

Hello,

Years ago when I was a student I had a Vanquis card to build some credit history.

Now I have sound credit history, I was wondering whether it's advisable to cancel the above. In addition to the Vanquis I have the following:

Amex Gold Charge Card (I use this day to day).

Amex Platinum Cashback Credit (nothing currently owed on this)

Barclaycard Platinum (I use this wherever merchants don't take Amex, usually paid off in full each month).

Halifax One (I used this for the 0% deal a few years back, this is currently unused)

Post Office Credit (this was used for the 0%).

In the context of these, the Vanquis is a bit of an outlier. I am aware of the higher available credit vs fraud risk argument, however would potential lenders take a particularly dim view of this subprime card? The main reason I've not cancelled it yet is that I've had it for nine years, and I understand longevity of credit accounts is looked upon favourably.

Thank for any advice!

mparter

When lenders search your credit file, they will see the credit cards you have but won't know who they are with. So lenders won't know you have a Vanquis card.