New Credit Card's

dazanteney4

Hello,

Two questions...

I'm currently 24 looking buy a home with my partner in 6 months’ time. I have banked with First Direct since Aug of this year, they have now offered me one of their "gold" credit cards. I currently have a nationwide credit card already (held since Jan of this year). If i take out this second card will it affect my score/lending potential for my mortgage? Should i be having two cards? One? Staying with nationwide or cancelling it?

I partner also has been offered the same card but she wants to cancel/close her current capital one card.

Neither me or my partner owe anything on our cards.

Thanks!

Tixy

Having 2 credit cards is not excessive and is unlikely to affect your ability to get a mortgage.

Do you use your current card at all? If not then it can be a good idea to use it for small amounts and repay in full each statement. That way it doesn't look like you are carrying a debt, you don't pay interest but you do keep an active credit history (that assumes you don't have any other current debts etc).

dazanteney4

Tixy wrote: »

Having 2 credit cards is not excessive and is unlikely to affect your ability to get a mortgage.

Do you use your current card at all? If not then it can be a good idea to use it for small amounts and repay in full each statement. That way it doesn't look like you are carrying a debt, you don't pay interest but you do keep an active credit history (that assumes you don't have any other current debts etc).

Hi yes I use my current card for fuel and purchases and it's paid off straight away.