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7 Near-prime Credit Cards

Is having 7 credit cards a bad thing?

They are:

Cap One x2
Barclaycard Forward
Tesco Foundation
Marbles
Zopa
118118Money

Total credit limit is £10,250

They are mostly paid off every month, a couple of small balances under 30% of limit.

Comments

  • Your limits are low, so no reason to worry.

    But make sure you clear them all in full, unless they're on 0% promos.
  • Wheres_My_Cashback
    Wheres_My_Cashback Posts: 4,412 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    edited 11 December 2021 at 10:25PM
    Is having 7 credit cards a bad thing?

    They are:

    Cap One x2
    Barclaycard Forward
    Tesco Foundation
    Marbles
    Zopa
    118118Money

    Total credit limit is £10,250

    They are mostly paid off every month, a couple of small balances under 30% of limit.

    The number of cards doesn't really matter, nor whether prime or sub, but what does is your payment history, your lack of cash withdrawals, your ratios of debt to credit limits, credit limits to income, electoral role history, overall credit history etc


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