Stop using my credit cards

Drummer1991

I currently have two credit cards that I use for every day spending and that I pay off in full every month. I’m considering stopping using them for every day spending and switching to the chase account (1% cash back is better for me than the cc rewards) and only using the credit cards for S75 protection when needed on bigger purchases. This could mean that some months my credit cards won’t be used at all. 

Will this have any negative impact on my credit history or will it not matter? 

Brie

if you're not applying for any other credit in the near future then it's all immaterial.  

if you do apply for credit anytime soon they may be looking at the credit you have available to use even if you aren't using it to make their decision (this happened on our mortgage application) 

Ebe_Scrooge

Yep, it won't matter as such.  As Brie says, available credit is one factor that's taken into consideration when applying for any new line of credit, but whether you're using it or not is largely immaterial.

It's just worth remembering that if a card lies dormant for a long time, the issuer may close it.  If you want to keep the cards active, it's worth putting a transaction through them every few months or so.  But in terms of your credit history, it's no issue.

born_again

Just make a purchase on a card on a regular basis.
DD's if not collected will stop working after 13 months. But will still show in your DD's.

[Deleted User]

Credit cards are better for things such as fraud or chargeback not just S75 as you aren't spending your own funds. I would only use the debit card for things you've already used or will use immediately such as groceries or consumables..

AskAsk

i was interested in the 1% cashback mentioned in the OP but when I looked up chase UK reviews on trustpilot the reviews were pretty bad.

is chase UK as bad as the reviews?

northwalesd

AskAsk said:

is chase UK as bad as the reviews?

I've just read some - in a word, no. It's no better, nor worse, than any of the other banks.

wiseonesomeofthetime

Drummer1991 said:

I currently have two credit cards that I use for every day spending and that I pay off in full every month. I’m considering stopping using them for every day spending and switching to the chase account (1% cash back is better for me than the cc rewards) and only using the credit cards for S75 protection when needed on bigger purchases. This could mean that some months my credit cards won’t be used at all. 

Will this have any negative impact on my credit history or will it not matter? 

I have done exactly that.

All my everyday spend now goes through Chase.

I have six credit cards. I make a small purchase on each, each month. Not sure why as I have no intention of applying for credit as I believe in saving up for things I want, and have an emergency cash fund too. I think it is more just to keep them open and active as they have specific uses/benefits. Well, four of them do tbf.

I have Netflix through one card, so a regular £9.99pm there.

Top up Iceland Bonus Card with a couple of quid a card pm, then spend during normal Iceland shopping.

Only intend to use them for trips abroad, large purchases, and purchases outside of Chase cashback eligibility.