Finished with Credit Cards - What is best to do



  • Alex9384
    Alex9384 Forumite Posts: 925
    Fourth Anniversary 500 Posts Name Dropper Photogenic
    Btw, you can ring them up and tell them you want to close your CC unless they want to offer you some new perks. For example, Halifax offered me 6 months 0% on purchases if I keep my card open. Not the best deal ever, but at least they offered something.
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  • Brie
    Brie Forumite Posts: 8,202
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Check the cards you currently have to see if they have any good 0% transfer deals. 

    MBNA always seem to have some going for me, Barclaycard hasn't for several years.  If I want to make a large purchase I might use the Barclaycard or another that gives me cashback and then pay it off with a 0% BT from MBNA (small fee) to give me time to pay things off over a few months/years.  That might save you having to apply for a new card in the future.
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  • JGB1955
    JGB1955 Forumite Posts: 3,351
    1,000 Posts Fourth Anniversary Name Dropper
    edited 26 June at 4:17PM
    I'd keep one each of the 'best' Visa and Mastercard CCs and ditch the rest.  Whether 'best' means highest credit limit or lowest interest rates is up to you.
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