Credit card applications from 1 Jan

By jch | Jan 13, 2019, 09:30 AM
Interesting article in the SMH this morning for those with home loans wanting to take advantage of sign up bonuses on multiple cards. Wonder if anyone has applied for cards in the new year and is noticing a difference in how the application was handled.

It could also effect people cycling through cards on an annual basis, waiting for the exclusion period to end and reapplying for another bonus:
"And if you cancel a card for some reason, you may well find yourself immediately rejected for a new one."

I've got one application in progress with ANZ with my current credit limits representing around a quarter of my gross annual salary, should know the outcome next week.
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By ratrace | Jan 13, 2019, 02:24 PM
I just got conditional approval with NAB yesterday and I have a substantial mortgage.
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By RealPlayer89 | Jan 13, 2019, 02:57 PM
On my second card this year no eorries
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By Blake | Jan 14, 2019, 02:10 PM
what impacted one person wont be the same for another person. If you are a points chacer Just keep applying for new cards, you will find out when you have hit the wall, when you hit the wall.

Then you back up carefully, adjust your strategy, take some time, and drive off blindly into the darkness again.
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John Harley

By sim86on | Jan 14, 2019, 03:59 PM
I applied for a NAB Rewards card late last year after the start of the Royal Commission.
They requested 3 months of bank statements for the account my salary goes into, then called me a few days later questioning several transactions. It was clear they’d gone through it with a fine tooth comb.
Just did an ANZ application last week, 2 payslips & approved!
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John Harley

By jch | Jan 14, 2019, 10:32 PM
Lol they should only be looking at those statements to confirm your salary amount went into that account, not how much you spent on dinner Saturday night!
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By Blake | Jan 16, 2019, 06:38 PM
Lol they should only be looking at those statements to confirm your salary amount went into that account, not how much you spent on dinner Saturday night!

They dont question how much you spent on dinner on Saturday night. Debit transactions that would attract extra questions are those that might be repayments on a loan that the applicant didnt declare.
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By jch | Jan 17, 2019, 06:21 AM
Just got approved for an ANZ card, doesn't seem to be that much different. Hopefully Westpac points come through before it's time to apply for St George!
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