Closing credit cards

Loobyloo1us

Hi, I have two credit cards with Nil balance. I got them for the 0% interest a number of years ago and used them to pay off my debts which I did 2 years ago but they are still open. Do I close them? I am retired now and am only holding onto them "just in case" in need extra monies. The point is that obviously the 0% interest term has passed and that I would have to pay 19% or so if I now used them. If I closed them would I at 66 yrs be able to get another credit card if I needed to? Thanks in advance for any advice.

GingerBob_3

I would definitely keep them. Awkward providers such as car hire companies and hotels make life difficult for anyone that hasn't got a credit card. Also, in retirement it might not be easy to get new cards. Just keep them and put a small transaction on each one every six months or so.

Loobyloo1us

Thanks for the prompt reply, I will check the link you have provided.

Loobyloo1us

GingerBob wrote: »

I would definitely keep them. Awkward providers such as car hire companies and hotels make life difficult for anyone that hasn't got a credit card. Also, in retirement it might not be easy to get new cards. Just keep them and put a small transaction on each one every six months or so.

Thanks Gingerbob, that's what I thought.

No_6

Close them, then when they shown as settled on your
favorite credit reporting site....go for new ones.

retired now and get better offers for new or repeat deals than
when I was working.
They do not know how many pensions £££'s

you have