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How to get a credit card when retired or on a pension
Be sure to meet eligibility requirements before you apply.
Being self-employed, retired or on a pension doesn’t mean you can’t access credit. But do your research before applying for a card: You may be required to meet other terms and conditions and provide additional documents.
We’ve made a list of providers that accept retired applicants, as well as the documents you’ll need to improve your chances of approval.
Applying for a seniors’ card often requires the same information — including credit score and credit history — as a standard credit card application. Here are the detailed requirements from the most popular credit card providers.
|Provider||Who can apply and the documents you’ll need|
|Bank of America|
Mistakes to avoid when applying for your credit card
Before you apply for a seniors’ credit card, avoid the following:
- Applying without researching
Rejected applications can negatively affect your credit report. Confirm the information you’ll need to increase your chances of approval.
- Applying for several cards quickly
If you’re rejected for a credit card application, don’t immediately apply for another one. Instead, consider why your application was denied. If you didn’t submit the required documents, research and find which ones you’re missing. If you were rejected because of your credit history, take some time to improve your credit score before applying again.
Our pick for credit card offers
CardMatch™ from creditcards.comRead more
Compare credit cards for seniors
To find the best credit card for seniors, consider whether you want an intro APR card, a rewards credit card or one with travel perks and benefits. Then, compare multiple options to find the right card for your needs.
There are many credit card options for seniors, and the application requirements are often the same as the standard credit cards. Always compare credit cards before you apply for one.Back to top
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