We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Mortgages and Credit Cards

Options
Hi all,

First time posting here so hoping this is in the right place....

We're currently in process of getting a new mortgage as we're moving house. We're sticking with Nationwide and awaiting decision whether we can 'port' and borrow additional money (eek! waiting game is always hard!)

I have an Amex credit card- me and hubby use this on most things because we get cashback at Costco annually so the more we use the more money we get back. My limit is 10k but we rarely ever go over 1k and usually clear this every month. Current balance is 0... so we don't need the credit per se- just want the perks!

So my question is...... should we stop using this card until we complete? (providing Nationwide give us an offer :rotfl: )

Thanks Guys

Comments

  • kingstreet
    kingstreet Posts: 39,256 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    No.

    Continue your normal use pattern and if you say the balance will be zero at completion, make sure it is.
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.9K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 243.9K Work, Benefits & Business
  • 598.8K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.