To close or not to close?

tiffin65

As part of a stooze I started over a year ago, I opened 4 credit card accounts with various 0% interest periods and added the cash to my savings. Currently:
Card 1: 9254/11200
Card 2: 3559/4400
Card 3: 4472/5500
Card 4: 0/3200

Savings: over 27000

The one I'm asking about is card 4, for which the interest free period ended and the balance has been paid off. Obviously there is no correct or incorrect answer because it will have multiple effects (total limits vs utilisation vs age of accounts etc) , but would you leave it open (I have no need for it, and already have two cards I use regularly and pay off in full) or close it down.

Thanks in advance for suggestions!

[Deleted User]

How many cards do you have in total - just the 4 listed or others as well?

Craig1981

Whilst the others are open, I would suggest keeping this open too - cancelling the £3200 will increase limit/utilisation on the others...


best to keep them all open until all paid off in full... close, wait a few months, and start again

pecuniam_hominem

Keep it open. I see little point in closing it.