NZ Bank Secrets: How does a Credit Card Influence Your Mortgage Application?

Navigating the mortgage application process? Credit cards can play a big role in determining your success. In this episode, we uncover how credit cards impact your mortgage application and share tips to optimise your financial position.

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Chapters
00:00 How do credit cards impact your mortgage application?
01:52 Should you cancel your credit card when getting a mortgage?
02:21 How to manage credit card expense before applying for a mortgage
02:53 Are there any benefits of owning a credit card?
03:47 Do the amount of credits you own matter?
04:14 Red flags banks look for in your credit card statement
05:01 Does cancelling your credit card improve your mortgage application?
05:31 Should you change your credit card limit?
06:13 Will paying off your credit card benefit your mortgage application?

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Disclaimer: This video is for entertainment purposes only and is not financial advice. Opinions in this video are general in nature and are not a recommendation, opinion or guidance to any viewer in relation to acquiring or disposing of a financial product. Viewers should not rely on these opinions and should always seek specific independent financial advice appropriate to their own individual circumstances.

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