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New Credit Card Will Now Never be Used.
Retiredin2009
Posts: 27 Forumite
in Credit cards
I applied for and got a Virgin credit card to balance transfer my holiday balance to and to use for spending abroad.
However I got a refund of my holiday money before I transferred the balance and will not be going abroad for at least a few years and probably never so I will never be using that credit card as I have a Nationwide cashback card.
What should I do with it?
Stick it in a drawer and forget about it or cancel it?
However I got a refund of my holiday money before I transferred the balance and will not be going abroad for at least a few years and probably never so I will never be using that credit card as I have a Nationwide cashback card.
What should I do with it?
Stick it in a drawer and forget about it or cancel it?
0
Comments
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Keep it as a backup, along with a couple of others.0
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Keep it as a backup. A reserve credit card or two is always a good thing - you never know when you might need one. Keep it ticking over with a small transaction or two each month, paid off in full before any interest accrues. If you ignore it completely, it's possible that the issuer will treat it as a dormant account and eventually cancel it.
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I agree, keep it as a backup and use it occasionally. Once or twice a year will be enough to keep it active.
You can use it to buy me a drink in a port, somewhere warm & sunny on a FOC cruise
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I agree agree agree with the above - lenders are having to cut costs, therefore credit cards might be more difficult to get in the short term due to you know what.
Be sure to use it a few times to keep it 'live' - and don't forget to activate it.0 -
Use is to pay your Council tax
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And lose my £2.25 a month cashback from Santander.Socajam said:Use is to pay your Council tax0
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