Credit Cards Galore

NewbieMoneySaver**

Hello all,

I have at least 9 credit cards and have balances on a few. When the 0% ends and I come to apply for more will I have problems because of the number I allready have?

The cards I dont use is simply because they have too low a limit.

Cheers

exel1966

NewbieMoneySaver** wrote: »

Hello all,

I have at least 9 credit cards and have balances on a few. When the 0% ends and I come to apply for more will I have problems because of the number I allready have?

The cards I dont use is simply because they have too low a limit.

Cheers

And the reason they have a low limit ? Probably because you have too many cards and your availbale credit is considered too high.
Apply for another card and possibly get another low limit or even be declined, therefore it would be more advantageous of you to dispose of those cards you don't actually need which will in turn have a positive effect on your rating by lowering what is currently available to you.
It's not all about what you've actually spent, it's just as important not to have too much readily available.

Phantom_Flan_Flinger

Exel1966 has it in one.

You have too much 'available credit.'

Close all the cards you don't use.

NewbieMoneySaver**

Thankyou very much for your help.

I will sort all that out tomorrow.

Cheers:beer: