Over 50's Credit Card

whambam

Is their such a thing? As I keep getting declined credit cards based on a decent household income I think based on my age.

[Deleted User]

Well, Saga is the obvious one.

But your declines won't be due to your age. Age declines tend to kick in much later - 70s or later.

Candyapple

What is your household income?

StopIt

Have you looked here: http://www.moneysavingexpert.com/credit-cards/?_ga=2.94022750.234503111.1510558616-1883132466.1484033860


And used the eligibility checker?


Have you checked all 3 CRAs (Noddle, ClearScore, MSE Credit Club) just to make sure there's nothing untoward?


What cards are you applying for? Some have stringent requirements that others do not and you may need to set your sights accordingly.

jonesMUFCforever

Income per se may not be the problem here -- it might be the makeup of it - most benefits for example do not count as income.

Ben8282

It is unlikely that your age is the reason why you keep getting declined for credit cards.
Income may well play a part especially as you have found it necessary to mention 'decent household income' as opposed to decent personal income. Does this mean that your personal income is very low or represents a disproportionally low proportion of the household income that you are stating? If, for example, your partner has a significantly higher income it may be better for them to apply for credit cards and provide you with a supplementary card.
Knowing nothing of your financial circumstances or credit history, I would suggest that the reason(s) for these declines could be any or all of the following:
1. Not on electoral roll.
2. Defaults, ccj's and/or bad repayment history showing in your credit files.
4. High existing levels of debt or levels of debt disproportionate to income.
5. High utilisation ratios on existing cards, frequent use of overdraft, payday loans etc indicating financial stress.
6. To many applications for credit in a short time. (You say you keep getting declined).
7. Applications for unsuitable credit card products. You need to apply for cards appropriate to your credit history.

TadleyBaggie

I'm over 60 and have applied for and been accepted for 4 or so credit cards in the last few years. So it's not an age thing.

No_6

nothing to due to age, me & OH have been doing CC's, since early 90's
and still return great deals from ALL the credit cards we had b4
both late 60's

Alexd52

Out of the 5 cards that I have applied for in my 50's, the only one that declined me was Saga!

PeacefulWaters

Alexd52 wrote: »

Out of the 5 cards that I have applied for in my 50's, the only one that declined me was Saga!

I'll hazard a guess that you applied for that late in your sequence.

Alexd52

PeacefulWaters wrote: »

I'll hazard a guess that you applied for that late in your sequence.

Actually, it was the first one that I applied for, not having applied for any credit for some time previously