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Cancelling credit Cards

I have more cards than I need.
From a security point of view I want to reduce them.
How do I cancel them without my credit rating being affected?

Comments

  • [Deleted User]
    [Deleted User] Posts: 35,383 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    You just cancel them. Ignore any credit score you may have seen.
  • bengalknights
    bengalknights Posts: 5,021 Forumite
    Part of the Furniture 1,000 Posts
    Get a copy of your credit record from noddle or clearscore and cancel any card bar the oldest one (as you want a aged record)
  • cts_casemod
    cts_casemod Posts: 272 Forumite
    Tenth Anniversary 100 Posts Combo Breaker
    Get a copy of your credit record from noddle or clearscore and cancel any card bar the oldest one (as you want a aged record)

    Same boat. I have two starter credit cards, they are both about the same age: October last year, so not that old. Would it be wise to keep at least one, or given they are both less than a year, this wouldn't be an issue in, say a years time?

    Thanks
  • bengalknights
    bengalknights Posts: 5,021 Forumite
    Part of the Furniture 1,000 Posts
    Same boat. I have two starter credit cards, they are both about the same age: October last year, so not that old. Would it be wise to keep at least one, or given they are both less than a year, this wouldn't be an issue in, say a years time?

    Thanks

    If they are lowish limits i would suggest you keep one and rid of the one with worst terms
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