We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
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
- 354.5K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.4K Work, Benefits & Business
- 604.2K Mortgages, Homes & Bills
- 178.5K Life & Family
- 261.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards