Credit Card Accounts - credit score

MissLou92

Hi all, 

I need some advice, I had a poor credit rating and over the last few years I have managed to build an excellent credit history. I started with a capital one credit card... shocking interest, then I was offered a Tesco credit card, it made sense I got extra points a slightly better rate etc . I opened an amazon credit card for a free voucher. I held 3 accounts all paid on time and never any defaults etc also I didn’t use all 3 at once. I have a balance of £567 on my Tesco account. I have balance transferred this to a Lloyds credit card account which is where I aimed to be at a much better rate! . I have everything with Lloyds, pensions current accounts bills wages a small personal loan and now my credit card I find it easier to stay organised and built a reputation with the bank and hopefully one day a mortgage provider. However I now have 3 open credit card accounts I have closed the amazon one, I’m unsure wether to close the Tesco account and the capital one? I really really really don’t want to damage my score but the likelihood of ever using the capital one account is 0 to none! The Tesco one I think I should keep open. Can anyone provide any advice or help? 

Thankyou 

born_again

Forget about the score. It's the history that counts as far as any lender goes.

onlyfoolsandparking

Loads of threads on here answering your question, ultimately its all down to preference with opening and closing accounts, both those actions usually affect 'imaginary' credit scores but as I hope you already know credit score doesn't mean a lot. What I think does look good on a credit file is longstanding accounts, this shows stability and lenders like that (or appear to). Personally I don't like having all my credit facilities with one bank and so don't do it but again it really is an individual choice. As long as your paying everything on time AND over a decent period you shouldn't encounter any problems gaining credit / Mortgage in the future subject to affordability of course.