We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Cancel Credit Card??

So I've got two credit cards, one of which I've just paid off. I'm looking to get a 0% interest card, so for my credit rating, plus to better my chances of being accepted for one, am I better to cancel the one I've paid off, or just keep it for now?

Comments

  • [Deleted User]
    [Deleted User] Posts: 35,383 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    If you've only got two, keep them, unless the limits are dwarfing your income.
  • Emily_Joy
    Emily_Joy Posts: 1,593 Forumite
    Eighth Anniversary 1,000 Posts Photogenic Name Dropper
    stuwho wrote: »
    So I've got two credit cards, one of which I've just paid off. I'm looking to get a 0% interest card, so for my credit rating, plus to better my chances of being accepted for one, am I better to cancel the one I've paid off, or just keep it for now?
    Perhaps get an appointment with an account manager of the provider of the card you have paid off and ask him if they would be willing to offer you a 0% deal or whatever you are after.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354K Banking & Borrowing
  • 254.3K Reduce Debt & Boost Income
  • 455.3K Spending & Discounts
  • 247K Work, Benefits & Business
  • 603.6K Mortgages, Homes & Bills
  • 178.3K Life & Family
  • 261.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.