Credit card options for retirees

[tgh]

I still have my mortgage..

so do we
OT but interesting.. a while back we borrowed to buy some realestate and quickly paid it down.
Turns out the Bank is quite happy to hold the loan on a 0 balance indefinitely for zilch fees and we can redraw it anytime we want.
Seems a really odd feature from a bank, given their well earned reputation but not complaining...

 

[Sale]

@RooFlyer " What evidence of income do they require? Is there any wriggle room for unconventional or irregularly spaced income (ie not a regular pension)?"

Mine was fairly straightforward: superannuation and dividends. There was nowhere to add bank interest, only term deposit interest, so I left that out because I did not want to get into a discussion. Sorry, I only really remember the parts that were relevant to my application.

The good thing was that it provisionally accepted my application as soon as I submitted it - so after that it was only the evidence needed to be sent

 

[SYD]

Has anyone tried to get a new AMEX lately?

I just applied for a QBR card because my existing QF Biz card is being retired (no pun intended) - it was quite straight forward. Just provided an inductive company revenue amount and personal income (total pre tax).

I suspect if I was applying for a personal AMEX, it would be just as easy?

 

[VPS]

<Appreciate I'm replying to an old post>



I still have my mortgage, 8 years after retiring - all $4K of it. In fact I recently tried to extend it, when I found that it reaches its full term in two years. I have a large redraw amount in there, which I like to keep in case of big emergency. No dice. I'd have to essentially re-establish the loan (CBA). And over the next two years, they will absorb my redraw funds - as they don't want a very large final repayment!



What evidence of income do they require? Is there any wriggle room for unconventional or irregularly spaced income (ie not a regular pension)?

When I moved a few years ago, it was going to cost so much to set up a mortgage that I decided it was easier just to close off the old one. It would be nice to have the option to redraw but it’s not going to happen

 

[Seat0B]

After flicking my NAB Qantas card because of the exorbitant yearly fee and reduction in points to miserly numbers - very happy to say that as a retiree I have just been approved for the Qantas Money Platinum card.
They are up front on the website and say minimal income needed is $36,000 per year.
At the moment it is also 40,000 points bonus if you spend $5,000 within the first 3 months (80,000 if you havent had a Qantas points card in the previous couple of years)
And 1 point per dollar up to 10,000 per month. Not sure if there are any changes with these rates after Oct 1.

That’s great news @Sale