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Advice Needed on 0% credit
Comments
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It depends.
If you have several other cards, you could close it. But there's rarely any need.0 -
It is better to leave open.cherryblossom100 said:Thanks all,
Another question, is it best to close the credit card account with the empty credit card that has a £9000 limit or is it better to have unused credit show on my credit search?
1) they may give you an offer in the future once it's is a unused card
2) It will reduce your overall utilisation percentage which a plus sign in the credit scoring industry
3) if you have credit card debt then having unused credit shows you are not desperate another plus sign in the scoring industry
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