No. This is standard.Is this smug response in retaliation to the cancellation?
Cancelled AMEX explorer and NAB rewards. Looking like I might want to buy a house in the next few years though so will limit myself to one or two churns per year.
Next up ANZ QFF Black
This just isn't true.If you want a home loan it wont make any difference how many credit cards you have applied for
because most articles don't know what they are talking about.This is contrary to what most articles say about churning cards.
Care to explain why? I am always eager to learn.
because most articles don't know what they are talking about. No lender will bat an eyelid.
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As per the other post, Care to explain why? I am always eager to learn.This just isn't true.
I would have thought from all of the information contained on this site it was reasonably obvious. But I'll add I have spoken to several brokers and banks when I refinanced my home loan within the last 3 years. Every one of them stated categorically and unambiguously that how many cards you have applied for was a factor in whether a loan was granted or not. When I did eventually refinance with U Bank they were satisfied with my explanation about churning as to why I had a very large number of applications over the past few years. So to make a blanket claim of 'If you want a home loan it wont make any difference how many credit cards you have applied for' is just not true. How many cards you have applied for IS a factor. There is no value in denying this fact. It has a direct impact on your credit score. Your credit score is a factor in determining whether you'll get approved for a loan.As per the other post, Care to explain why? I am always eager to learn.
About to cancel the 4th NAB now that the 50K QF free points are in. I've been trying to find a link to the DrRalph cancellation letter proforma. I know it's around here somewhere, but could someone plse point me to it, or advise how to make an effective search?
PS. Which NAB card are you cancelling?In reference to account number **** **** **** ****
Dr Ralph
Wollongong NSW 2500
September 28, 2017
ANZ Credit Cards
PO Box 607
Melbourne VIC 3001
Dear Sir/Madam,
I write to request that you cancel my ANZ Frequent Flyer Black credit card account with your organisation immediately.
I will not be liable for any further transactions following 14 days of the date of this letter.
You should provide a final statement within 14 days of the date of this letter.
Yours sincerely,
Dr Ralph