High credit limit but no offers

I have two cards now I am a bit stuck what to do with

They have high credit limits but no deals

Tried opening another card from provider intending transfer limits, but not eligible

So either close and lose CL and reapply later or the CL might limit other cards, vicious circle!

Comments

  • MovingForwards
    MovingForwards Posts: 16,805
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    How high are the limits?
    How much is outstanding on each?
    What's your annual income?
    Do you have any loans or over drafts?

    This might be your answer.
    Mortgage started 2020, aiming to clear it in 2026.
  • A high limit doesn’t mean you get deals
  • Might as well close them I suggest
  • Might as well close them I suggest

    On what basis?
  • Close them, prepare for future. It takes ages for credit refences to update. Close them in case tgeres a good offer on a card in future so you can capitalise on it.

    You may have too many credit accounts, so a new credit card wont give you a generous limit on a 28 month 0% card. Sometimes cards like barclays and tesco wont let you apply for a new promotional card if you have a card in the last 6 months.

    No reason to have an account open if you dont ever see yourself using it.
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