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How many credit cards?!
pollyanna24
Posts: 4,391 Forumite
in Credit cards
I currently have three credit cards.
One was a 0% but it has now run out and because it is connected to my bank, have kept it.
The other two are 0%, one till Jan 2018 and the other August 2018. When the 0% are over, should I close down these accounts or just keep the cards with no balance on them? Will this affect me getting more 0% on purchases deals?
One was a 0% but it has now run out and because it is connected to my bank, have kept it.
The other two are 0%, one till Jan 2018 and the other August 2018. When the 0% are over, should I close down these accounts or just keep the cards with no balance on them? Will this affect me getting more 0% on purchases deals?
Pink Sproglettes born 2008 and 2010
Mortgages (End 2017) - £180,235.03
(End 2021) - £131,215.25 DID IT!!!
(End 2022) - Target £116,213.81
Mortgages (End 2017) - £180,235.03
(End 2021) - £131,215.25 DID IT!!!
(End 2022) - Target £116,213.81
0
Comments
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It depends...
Some cards are good at offering repeat deals although few are as good as those available to new customers. If you have cards with a decent interest rate (like the Barclaycard 6.9% offer) then I'd hang on to that - you will probably find that they also offer increased credit limits after a while. Personally I would suggest that you keep a couple of cards going all the time but ditch the others a year or so after the offer ends (a year should be enough time to see if they give you any repeat offers).0
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