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

vacheron · 2026-05-03 14:30:32

Just a thought that occurred to me this morning. I'm an avid Stoozer for many years who is planning to retire in the next few months. Come this point, any new credit card applications will ask me my income (which can include pension income). Now, back in the days of the endowment / DB pension, this was an easy answer, but…

Comments

Nasqueron Posts: 11,452 Forumite

5 May at 1:13PM

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

Sam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
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