Swap cards regularly?

Ladleboy

Morning all,

First post so be gentle......

Basic background. Full time working couple who use CC,s as a way of earning cash back. Always pay monthly bill off in full.

Have just swapped from a Tesco CC to the Amex platinum cash back card with the £25 annual fee. We spend around £20k a year on it and the £65 vouchers we received this month didn’t seem a fair return hence the swap to Amex.

Looking to use this card to get the full use of the 5% cash back and then maybe move on?

Do you think that’s wise or with our spending we’re best to stay?

If we move on any recommendations?

And finally, with so many active credit cards will this adversely affect our credit scores?

Many thanks for the help.

Shaun.

redux

Does Tesco award proportionately more points to its debit cards than its credit cards?

I don't know, but it might be worth checking. Maybe it's only true for shopping at Tesco, again I don't know.

Using the Clubcard points against its boost offers can treble their value. I'll be doing that to pay for part of a ferry fare shortly.

[Deleted User]

Ladleboy wrote: »

And finally, with so many active credit cards will this adversely affect our credit scores?

You only seem to have two cards. You would need a lot more than that before lenders would be concerned, especially as you're not carrying debt. Your credit score is irrelevant and should be ignored.

I'd aim for a minimum of three or four cards so you have backups.

[Deleted User]

Already posted

https://forums.moneysavingexpert.com/discussion/5922217/does-having-too-many-credit-cards-affect-you-credit-score