ed
Member
Registered: 10th Sep 03
User status: Offline
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When cancelling credit cards, how long does this take for your credit file to be updated? I have two which are no longer in their 0% periods which I would like to cancel, both of which have £0 on them. But I'd like to apply for a new one and have it arrive ready to use within the next two weeks. I don't want to make applications which may fail because I have too much access to unsecured debt so if it's likely to take too long then I'd rather take the hit on a couple of quids interest.
Any suggestions? 
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John
Member
Registered: 30th Jun 03
User status: Offline
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Don't know the answer to your question but that's what I normally do, just get a new card when it comes to the end of a deal on another, never had a problem.
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strick206
Member
Registered: 12th Apr 07
Location: Wigan Drives:Integra DC5
User status: Offline
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You'll be fine getting one but credit files only seem to update monthly
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ed
Member
Registered: 10th Sep 03
User status: Offline
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Went forward and applied for the new Natwest one as they said you can hold two credit cards with them at a time. Just wait and see if they accept as they didn't give me instant notification. Cancelled the Egg one but I'll keep the original Natwest until the new one arrives.
Probably should remember to cancel the old ones when the 0% runs out more promptly in future 
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deano87
Member
Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
User status: Offline
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Did you have a 0% balance transfer on one? Might have been a better option.
Do the purchasing on one, the next month when the statement comes through balance transfer.
Yes you pay thee 3% - 5% but could have saved a bit of hassle.
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ed
Member
Registered: 10th Sep 03
User status: Offline
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I've got £0 on all of them so don't need a balance transfer. I'm just going to use it for new purchases, but I also realised that I need to original Natwest card for when I'm away on holiday as I used it for a hotel reservation so I can't cancel it right away. Just don't want to have the application declined as I'll have to wait a while until it's sensible to try again.
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neoquip
Member
Registered: 12th Aug 02
Location: Nottm
User status: Offline
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I cancelled a card last night the guy said it takes about 30 days to register on he 'credit' system.
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