Closed bank accounts- will this effect my credit file negatively?

[Deleted User]

Hello everyone,

I'm 18 and as soon as I turned 18 I applied for an Amex card to build my credit history/file and I got accepted. I've had it for 4 months now, every month I've spent around £200 out of the 1,000 limit and paid it off in full and on time each month.

Now I have a question - I banked with Santander then I switched to Nationwide for the £100 bonus. I then opened an account with RBS closed it after a month of having it opened to switch to First direct for the £125 bonus, I then also opened an account with TSB and closed after a month to switch to NatWest for the £150 bonus.

So to sum things up I have a decent repayment history so far, but having 3 closed accounts on my file, will this look bad to lenders when I apply for credit products? I'm looking to get a overseas credit card in August for when I go abroad.

[Deleted User]

Not particularly, but try to calm down with opening and closing if accounts.

Aim to show some stability.

Ben8282

Opening so many accounts in such a short period will show several searches on your credit files. Negative.
Having had the accounts open for such a short time will also look rather odd and will continue to have a negative effect on your average account age for the next 6 years.
You have not exactly built up much of a repayment history if you have only one credit card account which has only been open for 4 months.
What effect all of this will have on a future credit card application in the near future is difficult to predict

[Deleted User]

Yep that is the plan now, gonna keep my 3 accounts and 1 credit card open for as long as possible.