We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 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!
Remortgaging: should I close zero balance credit cards?
Options
ReformedEmotionalSpender
Posts: 1 Newbie
Hi, we’re due to remortgage in March 2025. I’ve been working really hard to clear all my credit card debt so I’m in the strongest position possible. I’m pleased to say that I’m nearly debt free!
However I’m now wondering what I should do with my credit card which will have a zero balance on it but a limit of £12k. I’m not planning on using it (I’ve learnt my lesson!) but I’d like to keep it for emergencies, however I’m wondering if the fact that I’ve got access to that much credit might affect what we get offered in terms of a remortgage. Should I close the card or is it ok to keep just in case?
Thanks in advance!
Thanks in advance!
0
Comments
-
Don't do anything. This close you should leave well alone.
I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.1
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.9K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.9K Work, Benefits & Business
- 598.8K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards