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Closing / cancelling Cards
James_N
Posts: 1,090 Forumite
in Credit cards
I have some cards that I have used for offers etc e.g.
Sonycard for points
AMEX for interest free period
and a couple of others
I would like to know if there's any benefit to keeping them - to possibly use the credit limit on them sometime?
OR is it best to cancel them and "release" the credit amount against my name?
What would be the effect of this on the so called Credit rating?
Sonycard for points
AMEX for interest free period
and a couple of others
I would like to know if there's any benefit to keeping them - to possibly use the credit limit on them sometime?
OR is it best to cancel them and "release" the credit amount against my name?
What would be the effect of this on the so called Credit rating?
Under no circumstances may any part of my postings be used, quoted, repeated, transferred or published by any third party in ANY medium outside of this website without express written permission. Thank you.
0
Comments
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Hey there.
There's been loads of chat about this. Basically, it depends on your circumstances, but have a read through this guide, there's a section on settling accounts.
http://www.stoozing.com/g_score.htmOfficial DFW Nerd Club - Member no. 784 - Proud to be dealing with my debts0
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