Multiple account

[Matty B]

Hi all
After some opinions.

I have multiple current accounts and multiple credit cards. All were opened for decent reasons as my credit improved. For example I have a coop cash minder from when I thought I might go BR and a coop proper current account. I use neither really. Then I opened cards to spend in Europe or for cash back.

Credit cards were opened for nectar points, zero % offers and also low Apr and worldwide/Europe spending.

I have a total credit limit of around 50k and while there are outstanding balances I have the money to clear them- they are at 0%

My worry is, I am notoriously rubbish with money, but also should I cut down my cards to maybe a couple of current and a couple of credit cards. Maybe get rid of Sainsbury with rubbish nectar points and charge card level interest rates.

Any thoughts ?

[atticus]

my thoughts are that you need to take care not to let your credit card borrowing get out of control. If you are able to repay them all in full every month, then fine.

But I wonder if you have posted this because you are not in control and need help.

[Matty B]

Thanks for the reply

Currently I am in control. I do have some outstanding 0% balances but could if pushed clear them all, certainly by the end of November ( I have guaranteed extra work which I would be paid for even if I was ill).

I am however notoriously bad with money but have a partner who keeps me on the straight and narrow.