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New Card or stay where i am?

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Hello,

I've posted this is another thread in a different area but i think this maybe the correct area.

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. We both use our cards for things like fuel which is paid off within 30days.

Thanks!

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  • Atidi
    Atidi Posts: 943 Forumite
    edited 29 November 2013 at 11:50AM
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    Hello,

    I've posted this is another thread in a different area but i think this maybe the correct area.

    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. We both use our cards for things like fuel which is paid off within 30days.

    Thanks!

    The application will show on your credit history file.

    It's unlikley to have much effect on your mortgage application (assuming you don't get into trouble with it)

    You should have applied for the Luma cashback card that offered 4% off fuel purchases (worth about 5p a litre at todays prices). :money:

    Sadly no longer available to new applicants. They say they hope to bring it back next year, but their past history over similar promises never materialised.

    But there are other cashback credit cards available.


    Edit: Oh, your second question. Nothing wrong with having more than one credit card. I do, and I know lots of other MSE'ers also do :)
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