(UK) I have just received a credit card at 0% balance transfer for 24 months that I have been able to move all my current debt to (total debt is £8k).
My question is - should I now cancel my remaining full cards? I have 5 with limits between £2.7k and £6.7k. Does it affect my credit score positively or negatively to have open lines of credit? Will I be less likely to be approved for other lines of credit in the future if I have cards sitting unused?
I don't plan on spending on any of my cards, just working at paying them off and then will resume to use them in a controlled manner (spend on it and pay the full amount off monthly).
Thank you for any advice!
Submitted April 26, 2019 at 06:45AM by BrocolliAllDay http://bit.ly/2UII3Gy
