Having unused credit cards lying around will generally cause a lender to see you as someone who doesn’t use credit often, thereby restricting your credit history and to that extent making you less of a viable candidate to lend to.
In This Guide:Īs a general rule, having lots of unused credit cards is likely to adversely affect your credit rating, though this is not always the case.īasically: the more you responsibly use credit, spending and paying back on time, the better your credit score will be. We’ll explain all of this over the course of this guide. However, it is not always completely straightforward and in some cases you could actually benefit by keeping hold of your unused credit cards. You could find that your credit score improves by getting rid of your old cards and you will also open yourself up to being able to take advantage of any new customer bonuses that your card provider offers.
If you’ve got old, unused credit cards sitting around, then you could benefit in one of two ways by cancelling them.
0 kommentar(er)
