We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
Credit Card Cancellation when you switch bank account

notitle
Posts: 4 Newbie

in Credit cards
Hi everyone.
Firstly, I would like to say 'Hi', this is my first post.
Currently I have Lloyds account with a Cashback credit card. I want to switch to HSBC and get the £170.
My question is, shall I cancel the credit card first, after or do they do it for me? Do I have to pay the money from the credit card in full before that?
is the switching process easy or it will be painful?
Thanks,
Firstly, I would like to say 'Hi', this is my first post.
Currently I have Lloyds account with a Cashback credit card. I want to switch to HSBC and get the £170.
My question is, shall I cancel the credit card first, after or do they do it for me? Do I have to pay the money from the credit card in full before that?
is the switching process easy or it will be painful?
Thanks,
0
Comments
-
Unless having a current account is a condition of having the credit card, it will remain open and separate.1
-
The switching service only relates to current accounts.
So savings, isa, mortgages & CC etc are not affected. Unless as above.Life in the slow lane1 -
i switched from Lloyds to Natwest and kept my Lloyds card - was not a requirement to close it0
-
Feel like this question needs to be pinned because it gets asked all the time.0
-
Some credit cards require you to have a current account in order to apply for them, but in my (admittedly limited) experience the current account can usually be closed/switched away subsequently without closing the credit card account.1
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 350K Banking & Borrowing
- 252.7K Reduce Debt & Boost Income
- 453.1K Spending & Discounts
- 243K Work, Benefits & Business
- 619.9K Mortgages, Homes & Bills
- 176.4K Life & Family
- 255.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 15.1K Coronavirus Support Boards