Credit cards and self-funded retirees

Money
42

Whilst I agree with this, the current rules do need work. I am retired and older than my wife. Our credit card is in my name for historical reasons. When I die all my accounts will be frozen. When we tried to apply for a credit card for my wife wife, also retired, she did not meet the income tests - it’s geared to showing your last three payslips. If you don’t have them, then the computer says no. We have assets over a million dollars and can’t get a credit card!!!

5 Likes