Does Balance Transfer to a New Credit Card Help Application?

zfind on 05/10/2023 - 13:54
Last edited 05/10/2023 - 13:55

I want to apply for the NAB QFF Signature card. The minimum credit limit is $15k. With my other lines of credit I feel this may be a borderline rejection, however one of these is an existing Westpac card with a $15k limit that I will close if I’d receive this - however I don’t want to if I get rejected. My question is, does nominating the Westpac card for a balance transfer somehow “signal” this intent to close it to NAB and thus they wouldn’t include it as a liability / increase chances of approval or do I need to hard close it and thus not declare as a liability?

Hope this makes sense - cheers.

Financial Credit Card

Comments

  • Drpepper666 on 05/10/2023 - 13:55
    +4

    No

  • Ehty on 05/10/2023 - 13:57

    No, I think they don't look into your BT application till your card is approved.

  • zfind on 05/10/2023 - 14:36

    Sounds like a bust then - thanks 🙏🏽

  • Drakesy on 05/10/2023 - 17:53

    Gotta close the first card, wait a month for your credit score to update then open the new one.

  • Lunarboogie on 05/10/2023 - 18:04

    No one here can tell you with any certainty but it isn't likely, imho.

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