YOUR CREDIT CARD OUTLET

Am I better off closing old credit card accounts?

I go for Credit Cards that give deals (0% balance transfer, points or cash back etc). When the deal ends I stop using the card. Should I close them or leave them? If I close them should I close them over a long period of time or all at once?(I’ve got about 7 I now don’t use, 4 of which are with the same firm) I’m asking the question because I’m unsure whether or not it has any effected on my credit rating. Don’t know if it’s a good idea to have so many cards that i don’t use.

Any bank worth its salt will close a CC account if the card hasn’t been used for a long period of time as they present a fraud risk if the account is left dormant ! ! !

Egg Card – Balance Transfer Credit Card