Thread: Applying for several cards

I received a turn down from a certain bank because I have applied for several cards. I may be 81, but I'm still going. I am afraid that I will be discriminated against due to my age and this is why I have applied for several cards. What do I do?

I think that you may be discriminated against. I heard that it is hard for anyone over 75 to get any form of credit. Especially buying a car. That is what my relatives have told me. I wonder is their are any senior cards out their.

roni

I wonder if there are any senior cards out there.

roni

I don't think your age is an issue. Most applications are decisioned electronically, not manually, so the only time there is a problem is if the applicant is under 18. I can only speak for my company, but I see more applications approved for older people. I think some companies consider them a better risk because they usually have more stability and assests than younger applicants.

AMEX has a senior card to pay the balance off each month. How about that one.

roni

Check with AARP?

Mildred,

It sounds like the numerous inquiries are what are killing you. The best thing that you can do now is to stop applying for awhile (six months at least). Creditors get very nervous when they see that you are applying for a lot of unsecured debt in a short amount of time. After at least six months, contact AARP. They have a co-branded VISA card. I don't remember which bank issues it, but interest rates are competitive and the credit limit is decent.

As far as age discrimination, I haven't witnessed it as being much of an issue. This is just what I've observed with my relatives, but they have not been turned down for credit (cards, car loans or home equity loans) because of their respective ages (70-92). Now all of them own their homes outright and have income above and beyond Social Security. My mother is 73 and just financed a new Lincoln and still gets pre-approved card apps weekly.

Good luck