As part of my general drive to get more for my money I’ve been doing some pretty serious financial moving this week.
I have banked with the same bank since they started a ‘bank at my school’ in 1995. I carried on with them through university and forever since. But I get nothing from them, so I’m leaving.
Current account switch happening
Isa switch happening and my new rewards credit card has just arrived.
My question is: do I close my existing credit card down?
There is a £4.5k limit and it’s empty (always pay the balance in full)
New credit card has a £5k limit.
I was only expecting a low limit with the new credit card, so assumed I’d keep the old one in case I needed to make a big purchase.
I have a ‘full’ emergency fund
No debt other than the mortgage, Wuxi her overpay.
And no impending big purchases.
What would you do?