How to prove income for new CC applications when retiring using savings / UFPLS.

Nasqueron

You might get lucky but most will see savings as a pot that can be spent whenever whereas a pension is a fixed income you're unlikely to withdraw and splurge those funds

Tim_L

Having retired, I'm still taking credit cards out, and you can go into fractal detail on the webforms, but I pretty much just write down what the pre tax version of what I'd have to earn to get the income I have, and leave it at that. It's never once been challenged.

A good repayment history is IMO the main determining factor for acceptance.

I use stoozing for cashflow mostly. I have regular income from pensions and some benefits, and I'll have some drawdown which needs to be scheduled at odd times depending on what's going on with the investments and my CGT and gilts position.

So rather than depleting my cash buffer I'll stooze money away and then pay it back when I get a lump sum. Apart from the stoozing code of honour being that I need to make a bit of interest at the best rates possible on the offsetting portion of the cash buffer, the actual interest I make is not all that significant, and I've no need to maintain tens of thousands in the pot. I run it somewhere a little north of £10K which means I'm not having to apply for cards every week and have a good chance of getting a decent deal when I need one next time. The investments I have are what is generating income and money coming in, not the stoozing.