From: "Square eyes" 
Newsgroups: uk.finance
Subject: Re: Credit Card Faq
Date: Tue, 07 Feb 2006 21:00:49 GMT

Having a couple of different cards can sometimes be seen as good - a scoring 
process might look kindly on the fact that more than one institution has 
welcomed you.

A scoring process I have seen, and which is used in the high street, gives a 
slightly better rating for someone having both a Visa and a Mastercard 
instead of two of one. However, this same scoring process frowned on someone 
having too many cards. If someone had more than 5, they were always flatly 
refused.

Check out www.creditchecksoftware.com to download a free Windows application 
that will give you an idea of what your rating might be.


"Ralph Malph"  wrote in message 
news:44ppkpF3ch8eU1@individual.net...
>I have three credit cards, one has a £12000 limit with zero balance. The 
>second has a £6500 limit also with a zero balance. The third has a £9000 
>limit with a £2500 balance as I have been rate tarting recently which 
>explains the three cards.
>
> I have no intention of using either of the cards for purchases and will 
> probably look for another card once my interest-free period is over. 
> Should I definitely cancel all the cards or only the zero balance cards 
> and how will this look to lenders  i.e. is it better to have three cards 
> or only one with a balance?
>
> Many thanks
>