Should it be done at all? Or how long should one wait for before getting credit card when having a existing mortgage?
FYI:
- we are here in NSW
- getting credit card only to take advantage of the points and convenience in some case, not a necessity
Should it be done at all? Or how long should one wait for before getting credit card when having a existing mortgage?
FYI:
You don’t have to close it but when then calculate what you can repay, they assume you may max out all other lines of credit as well and have to repay that too, so closing a credit card (especially a large one) can add 10’s of thousands of dollars to your borrow limit.