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Are reward programs worth it?

Get Started Investing

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How to Calculate Your Credit Score

After one year, when you pay again the annual fee, you're not getting the bonus again. You have to cancel, I think, 18 months to credit card. What you need to look at is maybe changing programs - ANZ, Westpac, MX -- and then two years from now go back to ANZ. Do your own research on this but as a general rule, banks or mortgage brokers will calculate how much you can borrow from a mortgage by taking combined income times five. But if you have a credit card, then they'll subtract the,. not how much debt you have on the credit card, but the credit limit from your income"

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