Which cards to get rid of and which to keep

Sncjw

Hi all 

I am sorting my finances out and I have some cards and good limits but want to declutter. So need some help working out which to get rid and keep 

So i have 

Halifax clarity 0 balance with 4k limit will keep as backup for holiday spends. 

Barclaycard with balance of 1250 with 5k limit. Balance will be paid off in the next few months as 0 percent is ending.this was a money transfer offer. I will likely keep this for holiday reasons 

Hsbc card which has just been cleared with a balance transfer to tesco. 8k limit

M and s card not sure what the limit is and 0 balance as paid off card. 

Lloyds not sure what limit is as havent used it for a while and no balance. 

Should I just keep tesco, barclay and Halifax. 

Emmia

Once paid off I'd close the Barclaycard, as it's a low limit and you have the Halifax clarity.

I'd also close the HSBC, M&S and Tesco... And look for another card with a good offer

Sncjw

Tesco had a balance as its bren transfered from hsbc. 

I am going to keep barclaycard for travel. 

lr1277

One consideration for the M&S card is that I believe you can get fee free foreign currency from M&S money. I don't know if you would use that facility. Definitely not Fx fee free purchases when abroad though.

Personally I would keep one Mastercard and one Visa. Then I would look for the ones with the best customer service for each of Mastercard and Visa. But that is me.

BrimfulofSascha

which cards have you had for longest. Having well managed accounts for a long while is good for your credit score (if that is something important to you)

Sarahspangles

I didn’t think Barclaycard was good for travel?

We use a Nationwide Visa card and a Barclaycard. The Nationwide one is used abroad as there’s no currency conversion fee on transactions. The Barclaycard does the heavy lifting at home as it pays 0.5% cashback.

Nasqueron

BrimfulofSascha said:

which cards have you had for longest. Having well managed accounts for a long while is good for your credit score (if that is something important to you)

Lenders do not see the credit score and the age of account is debatable, vs having a well managed file with history of paying off credit cards in full every month (or paying the card on time for cards with the special promo rate)

Sncjw

Sarahspangles said:

I didn’t think Barclaycard was good for travel?

We use a Nationwide Visa card and a Barclaycard. The Nationwide one is used abroad as there’s no currency conversion fee on transactions. The Barclaycard does the heavy lifting at home as it pays 0.5% cashback.

I have a a card with 0 fees for using card abroad and alsp cash machines abroad. 

Olenna

Sarahspangles said:

I didn’t think Barclaycard was good for travel?

We use a Nationwide Visa card and a Barclaycard. The Nationwide one is used abroad as there’s no currency conversion fee on transactions. The Barclaycard does the heavy lifting at home as it pays 0.5% cashback.

Barclaycard Reward is amongst the best in the market and better than Nationwide... 

I'm a bit confused as OP says Tesco but it's not listed that I can see?! This can be used for Tesco travel money plus Clubcard points double up for things like Hotels.com.