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Getting a credit card after getting mortgage? is that possible? (lemmy.world)

submitted 2 years ago by ipodhikaru@lemmy.world to c/ausfinance@aussie.zone

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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

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[–] ieatpillowtags@lemm.ee 2 points 2 years ago (4 children)

This seems like a strange question, not sure I’m understanding. Usually people hesitate to open extra credit lines before getting a mortgage, but if you already have that then what is the concern? Do you not already have any credit cards?

[–] ipodhikaru@lemmy.world 1 points 2 years ago (3 children)

I cancelled all credit cards before taking the mortgage;

the question is more like, after the mortgage is completed, would getting any credit card considered as dishonesty and any negative impact to that

[–] Anonbal185@aussie.zone 4 points 2 years ago

Having a credit card is great for a mortgage. Put everything on your card, then pay up when the interest free period expires.

In the meantime put everything on your home loan and redraw to pay your credit card as required.

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