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Message: <blockquote data-quote="nickfromeastryde" data-source="post: 2164988" data-attributes="member: 27179">I do agree and we have kept a seven figure LOC open into retirement however the downside is that it now probably precludes us from ever being able to successfully apply for a new CC ever again. It is a liability according to CCR even though you have a zero balance and they assume repayments against those limits of I think 5% of the balance so for a 1M limit they will include 50K in repayments for the year. On top of this, any existing credit cards are treated the same.Much as I would like to keep playing the game, there is no way I will ever be cancelling cards or reducing CC limits. The LOC maybe as it is more a safety net for our kids. There comes a point where you need to hold onto what you have and going into retirement is probably one of those timesIt's a growing market for the Banks, I do wonder if in years to come the Banks do become aware of people like us and change their assessment process to cater for it. I live in (probably deluded) hope!!</blockquote>