All Categories ​>​ ​Qantas Premier Credit Card ​ > ​ ​Balance Transfers ​>​ What are the benefits of closing my other credit cards after a Balance Transfer?

What are the benefits of closing my other credit cards after a Balance Transfer?

Some of the benefits from closing your other credit cards and loans are:

  • helping reduce the total amount of credit card and loan annual fees you pay;
  • simplifying your finances and decreasing the number of cards you hold;
  • preventing you from accruing additional debt, by decreasing the available credit options;
  • helping prevent increases in your monthly debt obligations; and
  • reducing the amount of credit recorded against your credit bureau record.

Was this information helpful?

Powered by HelpDocs (opens in a new tab)