Credit cards galore!

Manfer87

Long story short, after being fresh out of uni a few years ago and naively excited to be accepted for credit cards I enjoyed life and treating myself before realising (accepting! Blinkers off!!) that this money wasn't actually mine and needed repaying... I got my MSE on, and got a grip of my finances - consolidation loan - 5 years remaining.

I'm pleased to say I no longer use the cards unless it can be 100% be paid off each month (2 years and counting!)

My question is what shall I do? I have x2 Barclaycard's, 1x capital one, 1x vanquis with varying credit limits.

would closing them all adversely affect my credit score? Should I keep one open and keep using/paying off?

Any advice welcome! Trying to live a healthier financial life!

In case it matters I am a newly mortgaged(!) newly married new mum of one in a full time job 👍🏻 (We had a busy 12 months!!!)

[Deleted User]

Your score is irrelevant. It's about how lenders view the risk.

You'll want to keep at least a couple, using and paying off in full. If the limits are low, keep more. If your income is very low, perhaps just the two.

If you detail rates, limits and income, we can be more accurate.

Manfer87

Ah! That just shows my lack of knowledge - thanks for your reply!

Annual salary is £38100

Barclaycard want me to spend spend spend..!!

Barclaycard 1 - limit £13000! Interest 2.0050%
Barclaycard 2 - limit £11000! Interest 1.6625%
Vanquis - £3500 interest not sure as I have locked myself out online and can't Ring until tomorrow!
Capital One - £1750 interest 30.340%

shortcrust

I'd close all but the oldest and get a 0% purchase card so you can stooze or a card that gives you cashback or some other reward. Your current number of cards and available credit isn't that high really considering your income.

Manfer87

Thank you