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Amazon Mastercard Query

jackmarak · 2018-12-03 11:43:51

If I was to acquire an Amazon Mastercard to make use of the £20 voucher and 0% interest for 3 months. If I made a purchase and then paid it off well within those 3 months, would I take a hit on my credit rating for cancelling the credit card after paying the balance off? Thanks in advance.

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Comments

PRAISETHESUN Posts: 4,870 Forumite

3 December 2018 at 6:14PM

You shouldn't have any issues doing as you've suggested but some lenders like to see stability in the form of having accounts open for longer periods of time, so opening and closing an account in quick succession may work against you.

Personally I'd just open it, get your voucher, use the 0% rate until it expires and then just keep the account open, using it occasionally to make sure it doesn't go dormant.

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