Retired? What you need to get a credit card | finder.com
How to get a credit card when retired or on a pension

How to get a credit card when retired or on a pension

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Am I eligible to apply for a credit card if I am retired or collecting a pension?

Being self-employed, retired or on a pension doesn’t mean you can’t access credit. However, you may be required to meet other terms and conditions and provide additional documents, so do your research before applying for a credit card.

We’ve done some of the hard work for you and made a list of providers that accept retired applicants, as well as the documents you’ll need to improve your chances of approval.

ProviderWho can apply and the documents you’ll need
Amex
  • Retired and pension: Yes. Social Security number, address, total annual income (including pension), a prior American Express account, credit history and a contact number. The credit card department may reach out directly through email or phone for extra information.
Citi
  • Retired and pension: Yes. Social Security number, a written application or invitation, address, email, total annual income (including pension) and contact number.
Barclays
  • Retired and pension: Yes. Application form, Social Security number or ID, total annual income (including pension), contact number and email. The credit card department may reach out directly through email or phone for extra information.
Chase
  • Retired and pension:
TD Bank
  • Retired and pension: Yes. Application form, total annual income (including pension), address, Social Security number, email and contact number.
Wells Fargo
  • Retired and pension: Yes. Application form, address, Social Security number or ID, permanent citizenship, good credit score and total annual income (including pension). The credit card department may reach out directly through email or phone for extra information.
Bank of America
  • Retired and pension:
Santander Bank
  • Retired and pension:
HSBC
  • Retired and pension: Yes. Social Security number or ID, total annual income (including pension) and address. The credit card department may reach out directly through email or phone for extra information.
PNC Bank
  • Retired and pension: Yes. Application form, Social Security or ID, total annual income (including pension) and address. The credit card department may reach out directly through email or phone for extra information.
Capital One
  • Retired and pension: Yes. Application form, Social Security number or ID, total annual income (including pension), address and contact number. The credit card department may reach out directly through email or phone for extra information.
Simmons Bank
  • Retired and pension: Yes. Application form, total annual income (including pension), Social Security number or ID, address and contact number. The credit card department may reach out directly through email or phone for extra information.
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Mistakes to avoid when applying for your credit card

Applying without researching

Rejected applications can negatively affect your credit report, so be sure to confirm the information you’ll need to increase your chances of approval. Read the terms and conditions or contact the provider to answer any questions you have before applying.

Tips to increase approval for your credit card application.

Applying for several cards quickly

If you are 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, you’ll need to take some time to improve your credit score before applying again.

Learn how to improve your credit score.

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Compare credit cards

Name Product APR for Purchases (Purchase Rate) Intro APR for Balance Transfer Annual Fee
14.74%, 18.74% or 24.74% variable
0% for the first 15 months (then 14.74%, 18.74% or 24.74% variable)
$0
Earn unlimited 1.5% cash rewards on purchases. See Rates and Fees
12.74%, 16.74% or 20.74% variable
0% for the first 18 months from account opening (then 12.74%, 16.74% or 20.74% variable)
$0
An 18-month 0% Intro APR period on both purchases and balance transfers, plus zero foreign transaction fees, makes this is a strong well-rounded card. See Rates and Fees
16.74% variable
0% for the first 15 billing cycles (then 16.74% variable)
$495
Mastercard Black Card members receive an annual $100 air travel credit toward flight-related purchases including airline tickets, baggage fees, upgrades and more.
16.74% variable
0% for the first 15 billing cycles (then 16.74% variable)
$195
Enjoy unique excursions, privileged access to exclusive events and insider opportunities.
16.74% variable
0% for the first 15 billing cycles (then 16.74% variable)
$995
Earn points every time you spend. Luxury Card enhances your purchasing power by providing you with one (1) point for every one dollar ($1) you spend. Every purchase gets you closer to the rewards you want.
24.74% variable
$39
Designed to help build credit history with no deposit required and access to benefits.
23.9% variable
$75 annual fee for the first year ($99 thereafter)
With this card you get a 23.9% Variable APR.
19.74% to 25.74% variable
$0 to $99
Get 1% cash back rewards on eligible purchases including gas, groceries, and services such as mobile phone, internet, cable and satellite TV, terms apply.
14.74% to 25.74% variable
0% for the first 15 months (then 14.74% to 25.74% variable)
$0
Earn 10,000 Membership Rewards® Points after you use your new Card to make $1,000 in purchases in your first 3 months.
14.99% to 24.99% variable
0% for the first 12 statement closing dates (then 14.99% to 24.99% variable)
$0
Earn more cash back for the things you buy most.
14.74% to 25.74% variable
0% for the first 15 months (then 14.74% to 25.74% variable)
$0
Earn $200 back after you spend $1,000 in purchases on your new Card in your first 3 months. You will receive the $200 back in the form of a statement credit.
17.74% to 24.74% variable
$0 annual fee for the first year ($95 thereafter)
Earn 50,000 points when you spend $4,000 on purchases within the first 3 months of your account opening, and an additional 30,000 points when you spend a total of $30,000 on purchases within the first year of your account opening.
17.74% to 24.74% variable
$450
Earn 50,000 BONUS POINTS after spending $4,000 on purchases in the first 3 months from account opening* — that's $750 toward travel when you redeem through Chase Ultimate Rewards®.
14.74% to 24.74% variable
0% for the first 12 months (then 14.74% to 24.74% variable)
$95
15,000 Membership Rewards points after you spend $1,000 in the first 3 months of opening your account
16.74% to 25.49% variable
0% for the first 15 months (then 16.74% to 25.49% variable)
$0
Earn unlimited 1.5% cash back on every purchase - it's automatic. No minimum to redeem for cash back.
17.74% to 24.74% variable
$95
Earn unlimited 2 points for every $1 spent on travel and dining purchases and 1.5 points for every $1 spent on all other purchases.
14.74%, 20.74% or 24.74% variable
0% for the first 15 months (then 14.74%, 20.74% or 24.74% variable)
$0
Earn unlimited 1.5% cash back on every purchase, every day
16.74% to 25.49% variable
0% for the first 15 months (then 16.74% to 25.49% variable)
$0
Earn 5% Cash back in bonus categories up to $1,500 every quarter. Earn 1% Cash back on all other purchases.
16.74% to 24.74% variable
$0
20,000 online bonus points offer. Ditch the restrictions of typical airline rewards cards. Any airline, any hotel, anytime. No blackout dates.
16.74% to 25.49% variable
0% for the first 15 months (then 16.74% to 25.49% variable)
$0
Jumpstart your financial fitness! 60 day introductory balance transfer offer, save on interest, and get your free monthly credit score.
14.74%, 21.24% or 24.74% variable
$0 annual fee for the first year ($95 thereafter)
Earn 50,000 bonus miles after spending $3,000 on purchases within the first 3 months from account opening.

Compare up to 4 providers

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US Credit Card Offers

Important Information*
Deserve® Classic Card
Deserve® Classic Card

APR

24.49
variable

Annual fee

0 For the first year
More info
Luxury Card Mastercard® Gold Card™
Luxury Card Mastercard® Gold Card™

APR

16.74
variable

Annual fee

995 For the first year
More info
First Access Visa Card®
First Access Visa Card®

APR

29.99
variable

Annual fee

75 For the first year
More info
Indigo® Platinum Mastercard® Credit Card
Indigo® Platinum Mastercard® Credit Card

APR

23.9
variable

Annual fee

75 For the first year
More info
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