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What is better for my credit file?
madaleigh
Posts: 4 Newbie
Hi all, would appreciate some advice.
I'm finally in a situation where I have been offered some 0% balance transfer cards and am shifting over some high interest cards.
In terms of my credit file is it best to close the old cards or leave them open and unused? I 100% won't be tempted to use them.
One card of £2950 limit, one £2000, one £1750 and one £500. They will all be 0% utilised after the balance transfers to the new cards.
The new cards are one with £5500 limit and about £5200 used, and one with £2500 limit and £1500 utilised.
Thanks in advance, really appreciate any and all advice.
I'm finally in a situation where I have been offered some 0% balance transfer cards and am shifting over some high interest cards.
In terms of my credit file is it best to close the old cards or leave them open and unused? I 100% won't be tempted to use them.
One card of £2950 limit, one £2000, one £1750 and one £500. They will all be 0% utilised after the balance transfers to the new cards.
The new cards are one with £5500 limit and about £5200 used, and one with £2500 limit and £1500 utilised.
Thanks in advance, really appreciate any and all advice.
0
Comments
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You might want to close the two low limits limit cards, but no more than that.0
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Deleted_User wrote: »You might want to close the two low limits limit cards, but no more than that.
You think? Thanks0 -
Keeping your oldest card open shows a long term relationship, but agree may as well close the ones with lower limits.0
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