upper age limit?

saturn15

Does anyone know if there are upper age restrictions on new applications for credit cards ? Can someone who is over 80 apply ?

oldagetraveller

Can't see why not as long as they meet the criteria, income etc.
My 80+ year old F-in- law is regularly told by his bank there is a CC approved and waiting for him if he requires it. His response is always foxtrot oscar!

edindie

I very much doubt that anyone will use age in a scorecard. Less than 18 is usually a policy decline, but aside from that lenders are pretty uncomfortable using age in a new business scorecard.

They could use highly correlated variables to produce the same outcome, such as demanding that you get paid above a certain amount each month, or using residential status, but assuming you could afford the potential repayments I see no reason why you wouldn’t get one. Besides, most are geared to cut back on the younger people not the older ones.

clio

Saga credit card is for the over 50,s so would have thought as 80 is over 50 you will be allowed to apply with them...