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Credit Cards: To Close Or Not To Close
Vini_2
Posts: 23 Forumite
in Credit cards
Just xfer'd balances from 2 existing CC's to a 0% cc with Virgin, now do i close my old accounts, or leave them open.
Ive head (ages ago, possibly a myth) that leaving them open and not in use boosts your Credit Rating, or helps it atleast.
Ive head (ages ago, possibly a myth) that leaving them open and not in use boosts your Credit Rating, or helps it atleast.
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Comments
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I have just cleared a card and personally I think its best to close as I can then take advantage of any new offers and also remove the temptation of the 3k limit from my wallet!0
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I think this is one of the most often questions on this board:
What to do with old cards?
To keep or not to keep
Closing old credit card accounts
I'm an RT - How many cards should I have ?
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