No impact. If you want to apply for a credit card but you are still paying off your mortgage, will it have any impact on your credit card application? Let me talk about the relationship between mortgage and credit card.

Having a mortgage loan does not affect the application for a credit card. Under normal circumstances, banks will analyze and score the comprehensive qualifications of card applicants. If you have a long-term record of stable mortgage repayments, it will still be helpful to your credit, and it may be easier to apply for a credit card.

The scoring criteria will include several aspects such as the applicant’s security support score and financial support score. The economic support score also includes monthly debt repayment. The higher the monthly debt, the lower the score. The security support score also includes the score of housing rights. The score of privately purchased houses will be high and vice versa. Therefore, the two factor scores can basically cancel each other out. Simple debt does not affect credit card applications.

In addition, housing loans are closely related to the bank's loan business and credit card business. When applying for a housing loan, the bank will strictly review the applicant's qualifications. At the same time, the purchased house is used as a mortgage for the loan, which is more secure. Card applicants who have had a mortgage loan have proven their financial status in the eyes of the bank and have collateral, so it is easier to get a bank card approval, and the credit card limit may even be higher.

So cardholders who want to apply for a credit card because of their mortgage loan don’t have to worry. As long as you have the ability to continue to repay, actually applying for a credit card will not have a particularly big impact on you.