facebookI'm planning to apply for a mortgage in the near future. Will having multiple credit cards affect my chances of getting approved for a mortgage or impact my credit score negatively? - Seedly

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Anonymous

30 May 2023

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Credit Cards

I'm planning to apply for a mortgage in the near future. Will having multiple credit cards affect my chances of getting approved for a mortgage or impact my credit score negatively?

Discussion (2)

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As far as i know, it shouldnt affect if you pay your bills in full.

If you already have these cards for awhile and have been paying them off in full on time, it should not affect your chances for a mortgage.

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If you are applying for new cards and a mortgage around the same time, the banks might be a little more concerned due to liquidity issues

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