Closing Cards with 0 Balance?

electronicdreams

I've been working very hard on clearing debt and increasing my credit rating over the past 2 years. I've successfully been gaining credit limits and decreasing the APR I get approval for. I've currently got 6 cards, 2 have a £0 balance, in total always between 20-30% utilisation.

Is it a good idea to close the cards that aren't being used right now to further improve my standing with credit etc?

[Deleted User]

You're working to improve your Credit History, not Credit Rating.

What is the available credit on each of the cards and how long have they been opened for?

delabole

Sometimes it is best to keep a card. I paid off my Tesco Bank card, then a week later received a letter offering a good balance transfer deal, but when I tried to log onto their site, my account was no longer shown. I find it generally impossible to get a new card because I am retired.

Shakin_Steve

delabole wrote: »

Sometimes it is best to keep a card. I paid off my Tesco Bank card, then a week later received a letter offering a good balance transfer deal, but when I tried to log onto their site, my account was no longer shown. I find it generally impossible to get a new card because I am retired.

I'm going to close a few of my cards when the initial offers are finished. I get my state pension in May and I, personally, couldn't care less what my credit report says after that. I'll still have a couple of credit cards and three current accounts, but I can't see me needing, or getting, any more credit.

T-G-C

delabole wrote: »

Sometimes it is best to keep a card. I paid off my Tesco Bank card, then a week later received a letter offering a good balance transfer deal, but when I tried to log onto their site, my account was no longer shown. I find it generally impossible to get a new card because I am retired.

Eh, retirement can't look too bad.

Depending on what is put for income and outgoings, the prospect of a retied man or woman with a nice pension coming through each month won't come across too risky