best cards to cancel

[Deleted User]

femalemonarchfemalecanine wrote: »

various lenders, nationwide amex barclaycard Sainsbury rbos virgin mbna. all visa bar the amex I think, all mainstream, no sub-prime
APRs vary, but I don't pay interest so it's fairly irrelevant

It’s not really irrelevant.

Are any from the same lender?

You obviously don’t pay them off in full as you are currently carrying balances on them, 0% or not.

System

A list of APRs and card types/benefits would be useful for us to advise.

SnowTiger

Heng_Leng wrote: »

A list of APRs and card types/benefits would be useful for us to advise.

Certainly would.

Some cards are worth keeping.

Examples:

Barclaycard because of balance and money transfer offers;

LLoyds, Halifax, BoS and Santander because of regular cashback offers;

cashback cards;

and cards that don't have fees and charges for foreign spending.

I think it's also wise to have at least one Visa and one Mastercard branded card.

[Deleted User]

APR was already asked and was told it’s “irrelevant” as balances always cleared in full (which they’re obviously not).

Also if any cards are from the same lender then OP could look at merging/consolidating them to fewer cards.

femalemonarchfemalecanine

!!! wrote: »

APR was already asked and was told it’s “irrelevant” as balances always cleared in full (which they’re obviously not).

Also if any cards are from the same lender then OP could look at merging/consolidating them to fewer cards.

sorry, the non 0% cards are cleared in full, any balances not cleared are 0% ones, which will be cleared before interest is charges, which is why I consider the APRs to be irrelevant

femalemonarchfemalecanine

!!! wrote: »

It’s not really irrelevant.

Are any from the same lender?

You obviously don’t pay them off in full as you are currently carrying balances on them, 0% or not.

I don't pay the 0% in full, of course. But I don't pay interest as the cashback cards that I use for day to day spending are always aid in full.

I'm more concerned with the question of closing the two unused cards, and the effect with the total available credit vs the percentage of available credit used.

cards 2 & 3 are barclaycards, previously egg

femalemonarchfemalecanine

Ben8282 wrote: »

Your reason for suddenly deciding to cancel cards appears to be

Just thinking about available credit vs salary, amount of available credit used and all that.

Clearly you have had no difficulties in obtaining credit so far and were given a respectable enough limit on the application made this year, so I can't really understand your sudden concern. My own available credit exceeds annual income but until something happens like an unexpected decline or a pathetic credit limit, I am not concerned.

Really? Are they UK issued?

Beyond telling us that cards 5 and 6 are unused there is no information contained in the OP that could really assist in suggesting which cards should be cancelled.
Considering the number of cards with balances, I would actually keep these cards 5 and 6 for the moment. They may come in useful one day.

my concern, or question really, is if want a future BT am I likely to be declined because of a high total limit, or is it better to show a low overall limit used to show that having a lot of available credit isn't a problem, as in I don't use it.

femalemonarchfemalecanine

changed the top post to put in the card providers, the nw is 9.9%, the rest are all around 18 to 24% apr
nationwide & amex are cashback
first Barclaycard and mbna used to be cashback, but I used both for 0% deals, so not absolutely sure if they still do cashback, or at what rate.

adindas

Close the cards that do not provide you any benefit (foreign currency perks, cashback, 0% Interest, etc), and you anticipate you will not need it in the near future. This will provide you and extra room when you need it in the future.

Keep the card with "high street banks" that show you a long history of good money keeping and stability

If there are still cards with balance on it with high APR and you are still paying them, prioritise to pay the one with the highest APR and close it .

femalemonarchfemalecanine

adindas wrote: »

Close the cards that do not provide you any benefit (foreign currency perks, cashback, 0% Interest, etc), and you anticipate you will not need it in the near future. This will provide you and extra room when you need it in the future.

Keep the card with "high street banks" that show you a long history of good money keeping and stability

If there are still cards with balance on it with high APR and you are still paying them, prioritise to pay the one with the highest APR and close it .

All the balances are 0%, I pay in full any cards that charge interest.