I’ve been using a Tesco credit card for the past few years, and have just swapped to using a new Amex card. I clear the balance each month so there’s nothing owing on the Tesco card, and I don’t plan to use it any more.
I want to apply for a mortgage in the next 6-12 months, and not sure whether what I do with the Tesco card might affect that?
I could keep it at it’s current credit limit (£6900), but there seems little point as I don’t intend to use it. Or I could keep it but reduce it’s limit to a smaller amount, so my file shows less available credit. Or just close the account, but potentially lose the credit history?
Not really sure how it works!