Self funded retiree Credit card applications?

[nickfromeastryde]

Well it's their business, while it may be true that to restrict their lending exposure they tend to lend based on predefined criteria and don't tend to deviate from it can anyone seriously say the US experience of just lend to anyone (I.e. As in what caused the GFC) is a better way for banks to behave. Personally I think the motto that if you don't understand it don't lend for it is actually a pretty good way for banks to behave. Sure, I'd prefer they do understand but there are plenty of options out there who will understand this section of the market.

Whilst I tend to agree with you and the new responsible lending requirements will probably make it even harder for some, think you are drawing a long bow comparing retirement income streams to the way the US banks conducted their business prior to the GFC

At the end of the day, income is income and I think a case could be made that their “predefined criteria” is actually highly discriminatory and unjust and something that should be challenged