Keep or ditch unused Credit cards

CEON44

Hi, I have 3 CC which I no longer use and each have zero balance. I got them when they had 0% for a number of months. When the deals ran out I moved to a new 0% deal. So I now have these accounts still open but not used nor likely to be used. Is it to my advantage to keep these accounts open or better to close them completely in the likelihood I will be looking for another good deal when the time comes?

Lumiona

I would say if you are not likely to use them again, close them so you are able to open new credit accounts if needed. 

[Deleted User]

There's no need to close them - it will generally be counter productive to do so.  Just make sure you keep at least three of them active by occasional use. 

jonesMUFCforever

I agree with zx81 - use them for routine shopping now and again just to keep them active - you never know at some time in the future you may require emergency funding.

CEON44

ok thank you.  Interesting. Thought it may be better to close them as I'm not likely to use them due to the higher rate

[Deleted User]

The rate doesn't matter, because you won't be paying interest.

PJHilder

How much would you recommend spending? Or is it more the frequency of usage that matters?

[Deleted User]

Just spend what you need to and clear each month. Just don't go over your limit.