Initial period expiring - best actions now for new card?

biohead

Hi all, this might be considered a bit forward planning but I want to make sure I do everything in the "right" order to maximise the chance of being accepted. I'm still on my very first "initial period" so not gone through this process before.

Both me and my fiancee have credit cards (1 each - no more) whose initial 0% period ends in January. They see very little use - but we have our wedding coming up in April and we plan to buy certain things on the card (mainly for the protection offered but it also helps with anything unexpected). Typically they've only been used for high-value purchases and paid off that same month, never using over 50% credit at one time.

So, we could either stick with our current cards and suck up the interest rate, or apply for new ones with a new 0% period. If we were to apply for new ones, about what time should we be looking to apply - before or after the period ends?

I'm cautious that already having one line of credit may affect our chances of a second one thus starting the cycle of rejection, but I would feel happier without having to close one, wait, then apply for a new one as it means should anything crop up it could be taken care of.

If it helps, we've both got pretty good above avg. credit ratings (Noddle) and we already have a mortgage between us so we're not in a particularly bad position - just a wedding on the way . We've always been careful with money (and it's not exactly hurt us being this way!).

Thanks in advance.

[Deleted User]

Never close a card without having at least one back up.

Apply for a new one, and keep the second.

chelseablue

Just a thought but if you keep the existing cards and still pay off in full each month you wouldn't pay interest