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Quick cc question....

Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
in Home, Law & Money
I have recently balance transferred to a 0% card and currently have 2 other CC's that are empty, completely £0 balances, is it better to close these or leave them open and not use them?

i am not in danger of using them at all, so thats not a issue!

thanks

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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    If you dont need them and have no balance I'd be inclined to close them personally. I dont know how or even if it would effect your credit history file.
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    It depends.

    If your credit "rating" is quite poor it might be worth doing one shop a month on them and paying the balance in full. You won't have to pay interest if you clear the balance in full every month.

    If you can't trust yourself to do that then close them.
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    check if there is any anniversary offers with them, might be another 0% offer coming up to keep you as a customer.
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    Kermit wrote: »
    It depends.

    If your credit "rating" is quite poor it might be worth doing one shop a month on them and paying the balance in full. You won't have to pay interest if you clear the balance in full every month.

    If you can't trust yourself to do that then close them.

    might be a good idea actually, my credit record isnt too shabby, but cant be a bad thing to do a few improvements
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    Like someone else said spending on a cc and paying it off in full will certainly improve your rating, what I would mention though is if your not going to use them, be careful with fraud matters because if anyone gets holds of your details they could very well use them, and having 2 credit cards open which you don't use could increase the risk of someone getting hold of your details.
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