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Should I close one of my cards?
pinkjune
Posts: 37 Forumite
in Credit cards
Hi I have 3 credit cards,
Tesco £6,700 limit, £700 balance
First direct £2,500 limit , 0 balance
Cap One £1,750 limit, 0 balance
Thinking of closing Cap One as it's the highest APR. Would this lower my credit rating or make it harder to get another card in future if I needed to as my percentage of debt would look higher? I don't really want or need 3 credit cards but I don't want it to affect my credit rating.
Thanks.
Tesco £6,700 limit, £700 balance
First direct £2,500 limit , 0 balance
Cap One £1,750 limit, 0 balance
Thinking of closing Cap One as it's the highest APR. Would this lower my credit rating or make it harder to get another card in future if I needed to as my percentage of debt would look higher? I don't really want or need 3 credit cards but I don't want it to affect my credit rating.
Thanks.
0
Comments
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Utilisation would still be under 8% so don't worry. No detrimental effect.0
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