should i keep card open?

katie4

Husband has successfully received 0% money transfer card and has paid off my two credit cards (the debts on my cards were both of ours anyway)


But I am wondering should I close and cancel these cards now they at cleared or keep them open? they're both charging interest one is a Barclaycard (limit £1200) other is with Tesco (limit £3600)


is there any benefit to keeping them open? I have no intention of using them again unless it is a dire emergency!


Thanks

[Deleted User]

You should keep them and continue to use them.

But this time clear in full each month.

Willing2Learn

If you are the sort of person who is tempted to keep making purchases on the cards, without budgeting for the expense out of your monthly budget, then I would close the cards down.

If you are the sort of person who can keep to a monthly budget, then I would keep the cards, use them both during the month for budgeted expenses, and then pay off the statement balance in full each month.

Edit: Keeping the accounts open, and managing the credit responsibly, will be looked at positively by potential lenders.