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January 28, 2022
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This article was last updated January 28, 2022 . Terms and conditions may have changed. For the most accurate information, please consult the issuer website.
When you reach your retirement years, credit cards can become an important tool for maintaining your credit health and can actually help put some extra cash in your pocket. The key is to make sure that once you’re on a fixed income, that you don’t overextend yourself.
First and foremost, using credit cards is an easy way to keep your credit file active and to maintain a good credit score.
“That doesn’t mean you have to carry debt,” adds Rod Griffin, director of consumer education and awareness at Experian, one of the three major credit bureaus. Instead, he recommends using your cards periodically and paying those balances right away to keep your credit score strong.
The reason it matters, he explains, is because life situations may arise for which you’ll want to have credit available to you. Those can include an unexpected and expensive health emergency, or having to maintain or upgrade an older home that has aged along with you. Just think about trying to come up with heating and air conditioning unit replacement costs on the spot, says Griffin. “Credit can be a tool to help you manage that, and it remains a ubiquitous part of your life.”
Of course, it’s not all about doom and gloom — retirees can also leverage credit to help fuel their post-career passions, or offset travel costs or put some cash back in your wallet by charging everyday expenses that are paid off at the end of the month.
To help cut through the clutter, we’ve put together a list of the best credit cards for seniors and retirees based on our research of cards available through LendingTree, as well as top cards offered by major issuers.
The Chase Freedom Flex℠ lets cardholders 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories each quarter! Plus, earn 5% cash back on travel purchased through Chase Ultimate Rewards®, 3% on dining and drugstores, and 1% on all other purchases.
Plus, earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening!
Along with gift cards and travel, rewards can be redeemed for statement credits or direct deposit into most U.S. checking and savings accounts. You can also use rewards to pay for all or part of eligible Amazon.com orders at checkout, including tax and shipping.
This $0 annual fee card also comes with a 0% Intro APR on Purchases for 15 months, then a 16.49% - 25.24% variable APR will apply.
There is also a 0% Intro APR on Balance Transfers for 15 months. After, the regular APR will be 16.49% - 25.24% variable. There is a balance transfer fee is either $5 or 3% of the amount of each transfer, whichever is greater in the first 60 days. Then, either $5 or 5% of the amount of each transfer, whichever is greater.
Because the Chase Freedom Flex℠ offers an accelerated cashback rate for travel, dining and drugstore purchases, as well as in spending categories that rotate quarterly, you can potentially earn a generous amount of rewards from your purchases.
If you max out the quarterly $1,500 spend cap, you can earn $300 back on those purchases alone each year. Just know, you must activate the rotating categories each quarter in order to earn the bonus cashback rate.
Plus, if you’re facing a large purchase or need to move high-interest debt via a balance transfer, the Chase Freedom Flex℠ allows an interest-free period of more than year where 100% of your payments will go toward the balance rather than the balance plus interest charges. Plus, the sign-up bonus you receive after meeting the spending requirement with the card can help knock down your balance as well.
However, if you’re planning on traveling abroad, you’d be better served to bring along a card other than the Chase Freedom Flex℠, as it charges a foreign transaction fee of 3% of each transaction in U.S. dollars.
The Chase Freedom Flex℠ lets cardholders 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories each quarter! Plus, earn 5% cash back on travel purchased through Chase Ultimate Rewards®, 3% on dining and drugstores, and 1% on all other purchases.
Plus, earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening!
Along with gift cards and travel, rewards can be redeemed for statement credits or direct deposit into most U.S. checking and savings accounts. You can also use rewards to pay for all or part of eligible Amazon.com orders at checkout, including tax and shipping.
This $0 annual fee card also comes with a 0% Intro APR on Purchases for 15 months, then a 16.49% - 25.24% variable APR will apply.
There is also a 0% Intro APR on Balance Transfers for 15 months. After, the regular APR will be 16.49% - 25.24% variable. There is a balance transfer fee is either $5 or 3% of the amount of each transfer, whichever is greater in the first 60 days. Then, either $5 or 5% of the amount of each transfer, whichever is greater.
Because the Chase Freedom Flex℠ offers an accelerated cashback rate for travel, dining and drugstore purchases, as well as in spending categories that rotate quarterly, you can potentially earn a generous amount of rewards from your purchases.
If you max out the quarterly $1,500 spend cap, you can earn $300 back on those purchases alone each year. Just know, you must activate the rotating categories each quarter in order to earn the bonus cashback rate.
Plus, if you’re facing a large purchase or need to move high-interest debt via a balance transfer, the Chase Freedom Flex℠ allows an interest-free period of more than year where 100% of your payments will go toward the balance rather than the balance plus interest charges. Plus, the sign-up bonus you receive after meeting the spending requirement with the card can help knock down your balance as well.
However, if you’re planning on traveling abroad, you’d be better served to bring along a card other than the Chase Freedom Flex℠, as it charges a foreign transaction fee of 3% of each transaction in U.S. dollars.
The Wells Fargo Reflect® Card offers one of the longest introductory APR periods currently available for purchases. Cardholders receive a 0% intro APR up to 21 months from account opening on purchases. After that, a regular 15.24% - 27.24% variable APR applies.
Additionally, the card offers a 0% intro APR up to 21 months from account opening on qualifying balance transfers. After that, a regular 15.24% - 27.24% variable APR applies. There is a balance transfer fee of 3% for 120 days from account opening, then up to 5%; min: $5.
Note that cardholders initially get 18 months of intro APR on purchases and balance transfers, with an opportunity to earn an extension of up to three months by making on-time payments.
The Wells Fargo Reflect® Card comes with a $0 annual fee, but comes with a foreign transaction fee of 3% on purchases made abroad.
If you need to finance a large purchase, like home or car repairs, the Wells Fargo Reflect® Card lets you do so interest-free for a year and a half. Plus, cardholders can receive an intro APR extension of up to three months with on-time minimum payments during the introductory and extension periods.
Just know, you won’t earn cash back or points on these purchases, since the Wells Fargo Reflect® Card does not come with a rewards program, so if you’re looking for a credit card that provides value after an intro period expires, there are some other cards in this list that offer ongoing rewards.
If you decide to transfer a balance, you’ll be subject to a balance transfer fee of 3% for 120 days from account opening, then up to 5%; min: $5. For example, if you transfer $8,000 to the Wells Fargo Reflect® Card within the first 120 days, the balance transfer fee will be $240.
While it’s typical for a balance transfer card to charge a balance transfer fee, there are a few select cards available with no fee.
The Wells Fargo Reflect® Card offers one of the longest introductory APR periods currently available for purchases. Cardholders receive a 0% intro APR up to 21 months from account opening on purchases. After that, a regular 15.24% - 27.24% variable APR applies.
Additionally, the card offers a 0% intro APR up to 21 months from account opening on qualifying balance transfers. After that, a regular 15.24% - 27.24% variable APR applies. There is a balance transfer fee of 3% for 120 days from account opening, then up to 5%; min: $5.
Note that cardholders initially get 18 months of intro APR on purchases and balance transfers, with an opportunity to earn an extension of up to three months by making on-time payments.
The Wells Fargo Reflect® Card comes with a $0 annual fee, but comes with a foreign transaction fee of 3% on purchases made abroad.
If you need to finance a large purchase, like home or car repairs, the Wells Fargo Reflect® Card lets you do so interest-free for a year and a half. Plus, cardholders can receive an intro APR extension of up to three months with on-time minimum payments during the introductory and extension periods.
Just know, you won’t earn cash back or points on these purchases, since the Wells Fargo Reflect® Card does not come with a rewards program, so if you’re looking for a credit card that provides value after an intro period expires, there are some other cards in this list that offer ongoing rewards.
If you decide to transfer a balance, you’ll be subject to a balance transfer fee of 3% for 120 days from account opening, then up to 5%; min: $5. For example, if you transfer $8,000 to the Wells Fargo Reflect® Card within the first 120 days, the balance transfer fee will be $240.
While it’s typical for a balance transfer card to charge a balance transfer fee, there are a few select cards available with no fee.
The Simmons Visa® offers 0% intro APR for 12 months on balance transfers completed within 60 days of account opening, after which a 12.50% to 20.50% variable APR applies. There’s a balance transfer fee of either $10 or 3% of the amount of each balance transfer, whichever is greater .
While the annual fee is $0, note there is a foreign transaction fee of 2% of each transaction in US dollars.
When possible, it’s best to avoid rolling over a balance from month to month unless you’re in a 0% intro APR period. However, sometimes life gets in the way and carrying a balance is unavoidable. In such a situation, having a card with a low APR can help you save money on interest charges.
The Simmons Visa®‘s regular purchase APR is 12.50% to 20.50% variable, which is quite reasonable — especially if your APR is set at the lower end of that range. In cases where you have to carry a balance, the Simmons Visa® is a good card to have.
The Simmons Visa® offers 0% intro APR for 12 months on balance transfers completed within 60 days of account opening, after which a 12.50% to 20.50% variable APR applies. There’s a balance transfer fee of either $10 or 3% of the amount of each balance transfer, whichever is greater .
While the annual fee is $0, note there is a foreign transaction fee of 2% of each transaction in US dollars.
When possible, it’s best to avoid rolling over a balance from month to month unless you’re in a 0% intro APR period. However, sometimes life gets in the way and carrying a balance is unavoidable. In such a situation, having a card with a low APR can help you save money on interest charges.
The Simmons Visa®‘s regular purchase APR is 12.50% to 20.50% variable, which is quite reasonable — especially if your APR is set at the lower end of that range. In cases where you have to carry a balance, the Simmons Visa® is a good card to have.
The Chase Sapphire Preferred® Card is one of the top-rated travel cards available for a reasonable annual fee.
For new cardholders, there is a generous sign-up bonus: Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards®.
Plus, for ongoing rewards, earn 5x on travel purchased through Chase Ultimate Rewards®, 3x on dining and 2x on all other travel purchases.
Cardholders get 25% more value when you redeem points for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®.
The Chase Sapphire Preferred® Card comes with a slew of travel protections, too, such as trip cancellation/interruption insurance, auto rental collision damage waiver, lost luggage insurance and more.
Plus there are $0 foreign transaction fees.
For seniors on the go, the Chase Sapphire Preferred® Card is well worth the $95 annual fee given the value, flexibility and benefits that come with the card. You can use points or points-plus-cash to make travel arrangements with a variety of travel partners or transfer points directly to one of travel loyalty programs listed below.
Points can be redeemed for airfare, car rentals, hotels and myriad other travel expenses booked through the Chase Ultimate Rewards® portal. Your points can also be transferred at a 1:1 value to the following airline and hotel partners:
The Chase Sapphire Preferred® Card is a perfect travel companion and can help offset some of those expenses as well as provide added value by offering an elevated rewards earning rate for not only travel purchases, but also for dining, grocery and select streaming services.
The Chase Sapphire Preferred® Card is one of the top-rated travel cards available for a reasonable annual fee.
For new cardholders, there is a generous sign-up bonus: Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards®.
Plus, for ongoing rewards, earn 5x on travel purchased through Chase Ultimate Rewards®, 3x on dining and 2x on all other travel purchases.
Cardholders get 25% more value when you redeem points for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®.
The Chase Sapphire Preferred® Card comes with a slew of travel protections, too, such as trip cancellation/interruption insurance, auto rental collision damage waiver, lost luggage insurance and more.
Plus there are $0 foreign transaction fees.
For seniors on the go, the Chase Sapphire Preferred® Card is well worth the $95 annual fee given the value, flexibility and benefits that come with the card. You can use points or points-plus-cash to make travel arrangements with a variety of travel partners or transfer points directly to one of travel loyalty programs listed below.
Points can be redeemed for airfare, car rentals, hotels and myriad other travel expenses booked through the Chase Ultimate Rewards® portal. Your points can also be transferred at a 1:1 value to the following airline and hotel partners:
The Chase Sapphire Preferred® Card is a perfect travel companion and can help offset some of those expenses as well as provide added value by offering an elevated rewards earning rate for not only travel purchases, but also for dining, grocery and select streaming services.
The Blue Cash Preferred® Card from American Express offers the highest cashback rate we’re aware of on U.S. supermarket purchases. Cardholders earn 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%), 6% Cash Back on select U.S. streaming subscriptions, 3% Cash Back at U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more), 1% Cash Back on other purchases. Terms apply. Cash back can be redeemed as a statement credit.
You can also earn a $350 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months. And there’s an intro APR of 0% on purchases for 12 months, after which a 16.24%-27.24% variable APR applies.
Note that there’s a $95 annual fee for this card.
To see the rates and fees for the Blue Cash Preferred® Card from American Express, please click here.
While the Blue Cash Preferred® Card from American Express does charge a $95 annual fee, it’s worth it for consumers whose budgets feature significant spending on grocery shopping, gas and transit. For example, by maxing out the $6,000 spending cap on U.S. supermarket purchases, you could earn $360 in cash back — which is more than enough to recoup the annual fee each year.
To see the rates and fees for the Blue Cash Preferred® Card from American Express, please click here.
*Terms apply
The Blue Cash Preferred® Card from American Express offers the highest cashback rate we’re aware of on U.S. supermarket purchases. Cardholders earn 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%), 6% Cash Back on select U.S. streaming subscriptions, 3% Cash Back at U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more), 1% Cash Back on other purchases. Terms apply. Cash back can be redeemed as a statement credit.
You can also earn a $350 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months. And there’s an intro APR of 0% on purchases for 12 months, after which a 16.24%-27.24% variable APR applies.
Note that there’s a $95 annual fee for this card.
To see the rates and fees for the Blue Cash Preferred® Card from American Express, please click here.
While the Blue Cash Preferred® Card from American Express does charge a $95 annual fee, it’s worth it for consumers whose budgets feature significant spending on grocery shopping, gas and transit. For example, by maxing out the $6,000 spending cap on U.S. supermarket purchases, you could earn $360 in cash back — which is more than enough to recoup the annual fee each year.
To see the rates and fees for the Blue Cash Preferred® Card from American Express, please click here.
*Terms apply
With the Costco Anywhere Visa® Card by Citi, you’ll earn 4% cash back on eligible gas for the first $7,000 per year and then 1% thereafter, 3% on restaurants & travel, 2% at Costco & Costco.com, 1% on all other purchases. If you max out the elevated rate on gas, that’s $280 in cash back.
The card charges a $0 annual fee. However, note that you need a Costco membership to be eligible for the card, and that membership will run you $60 or $120 per year depending on membership type.
At 17.49% (variable), the APR is reasonable.
With a 0% foreign transaction fee, this is a fine card to take when traveling abroad.
Costco is known for great deals for shoppers willing to buy in bulk. If that’s you, getting the Costco Anywhere Visa® Card by Citi is a no-brainer. Just know your cash back is only disbursed once a year — it comes in the form of a reward certificate issued after your February billing statement closes. You can redeem the certificate for cash or merchandise at Costco warehouses in the U.S. (including Puerto Rico).
With the Costco Anywhere Visa® Card by Citi, you’ll earn 4% cash back on eligible gas for the first $7,000 per year and then 1% thereafter, 3% on restaurants & travel, 2% at Costco & Costco.com, 1% on all other purchases. If you max out the elevated rate on gas, that’s $280 in cash back.
The card charges a $0 annual fee. However, note that you need a Costco membership to be eligible for the card, and that membership will run you $60 or $120 per year depending on membership type.
At 17.49% (variable), the APR is reasonable.
With a 0% foreign transaction fee, this is a fine card to take when traveling abroad.
Costco is known for great deals for shoppers willing to buy in bulk. If that’s you, getting the Costco Anywhere Visa® Card by Citi is a no-brainer. Just know your cash back is only disbursed once a year — it comes in the form of a reward certificate issued after your February billing statement closes. You can redeem the certificate for cash or merchandise at Costco warehouses in the U.S. (including Puerto Rico).
The AARP® Essential Rewards Mastercard® lets cardholders earn unlimited 3% cash back on gas and drugstore purchases (excluding Target and Walmart), unlimited 2% cash back on medical expenses, unlimited 1% cash back on all other purchases. Plus, earn a $100 cash back bonus after spending $500 on purchases in the first 90 days. Not to mention, you get all that for a $0 annual fee.
If you happen to be carrying debt on another card, you can transfer it to this one and enjoy a 0% introductory APR for the first 15 billing cycles following each balance transfer that posts to your account within 45 days of account opening. After, a 18.99%, 22.99% or 27.99% variable APR applies.
The balance transfer fee is either $5 or 5% of the amount of each transfer, whichever is greater.
If traveling abroad, beware the foreign transaction fee of 3% of each transaction in U.S. dollars.
If a substantial portion of your budget is comprised of trips to the doctor and visits to the drugstore, the AARP® Essential Rewards Mastercard® is well worth considering. The “medical purchases” category includes the following:
The AARP® Essential Rewards Mastercard® lets cardholders earn unlimited 3% cash back on gas and drugstore purchases (excluding Target and Walmart), unlimited 2% cash back on medical expenses, unlimited 1% cash back on all other purchases. Plus, earn a $100 cash back bonus after spending $500 on purchases in the first 90 days. Not to mention, you get all that for a $0 annual fee.
If you happen to be carrying debt on another card, you can transfer it to this one and enjoy a 0% introductory APR for the first 15 billing cycles following each balance transfer that posts to your account within 45 days of account opening. After, a 18.99%, 22.99% or 27.99% variable APR applies.
The balance transfer fee is either $5 or 5% of the amount of each transfer, whichever is greater.
If traveling abroad, beware the foreign transaction fee of 3% of each transaction in U.S. dollars.
If a substantial portion of your budget is comprised of trips to the doctor and visits to the drugstore, the AARP® Essential Rewards Mastercard® is well worth considering. The “medical purchases” category includes the following:
Cardholders with the Citi® Double Cash Card earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
There’s also a lengthy intro APR offer: 0% for 18 months on balance transfers, after which a 16.24% - 26.24% (variable) APR applies. There is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. A balance transfer fee of 5% of each transfer ($5 minimum) applies if completed after 4 months of account opening.
While the annual fee is $0, beware the 3% foreign transaction fee.
Some of the credit cards on this list offer elevated rewards in certain categories, such as dining or drugstore purchases, but have subpar rates on purchases that don’t fall into those categories. If that sounds like too much hassle to keep up with, or if your spending doesn’t fit neatly into such rewards categories, a flat-rate rewards program can simplify things. The Citi® Double Cash Card is one of the top flat-rate cards on the market, letting cardholders earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
Cardholders with the Citi® Double Cash Card earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
There’s also a lengthy intro APR offer: 0% for 18 months on balance transfers, after which a 16.24% - 26.24% (variable) APR applies. There is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. A balance transfer fee of 5% of each transfer ($5 minimum) applies if completed after 4 months of account opening.
While the annual fee is $0, beware the 3% foreign transaction fee.
Some of the credit cards on this list offer elevated rewards in certain categories, such as dining or drugstore purchases, but have subpar rates on purchases that don’t fall into those categories. If that sounds like too much hassle to keep up with, or if your spending doesn’t fit neatly into such rewards categories, a flat-rate rewards program can simplify things. The Citi® Double Cash Card is one of the top flat-rate cards on the market, letting cardholders earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
| Credit card | Best for | Rewards program | Annual fee |
|---|---|---|---|
| Chase Freedom Flex℠ | Overall | 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories each quarter! Plus, earn 5% cash back on travel purchased through Chase Ultimate Rewards®, 3% on dining and drugstores, and 1% on all other purchases. | $0 |
| Wells Fargo Reflect® Card | A long 0% intro APR period | No rewards. | $0 |
| Simmons Visa® | A low APR | No rewards. | $0 |
| Chase Sapphire Preferred® Card | Travel and dining | 5x on travel purchased through Chase Ultimate Rewards®, 3x on dining and 2x on all other travel purchases. | $95 |
| Blue Cash Preferred® Card from American Express | Everyday spending | 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%), 6% Cash Back on select U.S. streaming subscriptions, 3% Cash Back at U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more), 1% Cash Back on other purchases. Terms apply. Cash back can be redeemed as a statement credit. | $95 |
| Costco Anywhere Visa® Card by Citi | Warehouse shopping | 4% cash back on eligible gas for the first $7,000 per year and then 1% thereafter, 3% on restaurants & travel, 2% at Costco & Costco.com, 1% on all other purchases. | $0 |
| AARP® Essential Rewards Mastercard® | Medical expenses | Cardholders earn unlimited 3% cash back on gas and drugstore purchases (excluding Target and Walmart), unlimited 2% cash back on medical expenses, unlimited 1% cash back on all other purchases. | $0 |
| Citi® Double Cash Card | Flat-rate cash back | Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. | $0 |
To see the rates and fees for the Blue Cash Preferred® Card from American Express, please click here.
To select the best card for each of these categories, our credit card experts compared a broad range of credit card offers on LendingTree.com and major issuer sites that would best serve seniors and retirees, including travel and cashback rewards cards, 0% intro APR credit cards, grocery and dining spending and more.
We chose our top picks based on a variety of factors, including rewards programs, annual fees and interest rates. Other factors that came into play when making our selection include the benefits offered by the card, such as travel insurance and extended warranty protections.
When choosing the best credit card as a senior or retiree, consider the following questions:
By answering these questions, you can evaluate which card is best for your needs.
For example, if you love to travel, the Chase Sapphire Preferred® Card can help offset some of your travel expenditures. Or, if you spend a lot on grocery shopping because you love to host family meals, the Blue Cash Preferred® Card from American Express offers generous rewards on U.S. supermarket purchases.
However, both of the cards mentioned above charge an annual fee. It’s important to evaluate whether an annual fee will be outweighed by the value you get from the card.
But if your budget isn’t heavily comprised of categories the Blue Cash Preferred® Card from American Express rewards at an elevated rate, a flat-rate card with a $0 annual fee such as the Citi® Double Cash Card might suit you better.
Finally, consider any memberships you can leverage. For example, Costco members can reap rewards for gas and Costco shopping with the Costco Anywhere Visa® Card by Citi. Or, if you qualify for USAA membership through military service, you might consider the USAA® Cashback Rewards Plus American Express® Card for cash back on gas or the USAA® Rate Advantage Visa Platinum® Card for a potentially low interest rate.
To see the rates and fees for the Blue Cash Preferred® Card from American Express, please click here.
Maintaining an active credit profile later in life is important because it will help you access financial products at better rates when you need them. For example, if you want to get a great rate on a loan for an RV to travel the country, an exceptional credit score can help with that. By contrast, if you don’t keep up an active credit profile, you might have trouble getting approvals at all. A closed account that was in good standing will fall off your credit reports after 10 years, so even if you managed credit responsibly in the past, lenders will want to see more recent history — such as an active credit card.
No, there is not a maximum age to apply for a credit card. And because of the Equal Credit Opportunity Act, lenders are prohibited from discriminating against applicants based on age, as well as a variety of other factors. Any institution that grants credit (as well as those involved in setting the terms of credit products) is subject to this law.
Yes, Social Security income can be included on a credit card application. Under the Equal Credit Opportunity Act, lenders are not allowed to discount income from Social Security, pensions or annuities. It’s also important to note you can include a spouse’s income on your application.
The above offers and/or promotions may have since changed, expired, or is no longer available. Check the Issuers’ website for more details.
