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

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.

Simmons Bank Visa® Platinum

Our pick: Simmons Bank Visa Platinum

The Simmons Bank Visa® Platinum Card offers multiple perks, including one of the lowest available APRs on the market.

  • 8.25% variable APR
  • $0 annual fee
  • $0 balance transfer fee
  • Travel coverage
    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.
    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.
    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

    Rates last updated February 17th, 2018
    Name Product APR for Purchases ( Purchase Rate ) Intro APR for Balance Transfer Annual fee Product Description
    Barclaycard Arrival Plus® World Elite Mastercard®
    17.24%, 21.24% or 24.24% variable
    0% Intro APR for 12 months (with whichever is greater: $5 or 3% balance transfer fee)
    $0 annual fee for the first year ($89 thereafter)
    Enjoy 40000
    bonus miles after you spend on purchases in the first 90 days — that's enough to redeem for a $400 travel statement credit toward an eligible travel purchase.
    Luxury Card Mastercard® Titanium Card™
    16.24% variable
    0% Intro APR for for the first 15 billing cycles (with whichever is greater: $5 or 3% balance transfer fee)
    $195 ($95 for each Authorized User added to the account)
    Enjoy unique excursions, privileged access to exclusive events and insider opportunities.
    HSBC Gold Mastercard®
    12.24%, 16.24% or 20.24% variable
    0% Intro APR for first 18 months from account opening (with whichever is greater: $10 or 4% balance transfer fee)
    $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.
    Indigo® Platinum Mastercard® Credit Card
    23.9% variable
    $75 annual fee for the first year ($0 to $99 thereafter)
    With this card you get a 23.9% variable APR.
    Barclaycard Ring™ Mastercard®
    10.24% variable
    $0
    A low, variable APR on purchases, balance transfers and cash advances.
    Credit One Bank® Visa® with Free Credit Score Tracking
    17.24% to 25.24% variable
    $0 to $75 first year annual fee for the first year ($0 to $99 thereafter)
    Get 1% cash back rewards on eligible purchases including gas, groceries, and services such as mobile phone, internet, cable and satellite TV, terms apply.
    Credit One Bank® Unsecured Platinum Visa®
    17.24% to 25.24% variable
    $0 to $75 first year annual fee for the first year ($0 to $99 thereafter)
    Give your credit a boost with credit line increase opportunities, a fee may apply.
    First Access Visa Card
    29.99% variable
    $75.00 for first year. After that, $48.00 annually.
    The First Access Card is a true VISA® credit card that does not require perfect credit for approval. Complete our easy online application now and get a response in as little as 60 seconds!
    Simmons Bank Visa® Platinum
    9.25% variable
    $0
    The Simmons Bank Visa® Platinum Card offers multiple perks, including one of the lowest available APRs on the market.
    Credit One Bank® Unsecured Visa® with Free Credit Score Tracking
    17.24% to 25.24% variable
    $0 to $75 first year annual fee for the first year ($0 to $99 thereafter)
    Get 1% cash back rewards on eligible purchase, terms apply.
    Simmons Bank Visa® Platinum Rewards
    11.25% variable
    $0
    Excellent Credit Required - Applicants that do not have excellent credit will not be approved

    Compare up to 4 providers

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    US Credit Card Offers

    Important Information*
    Luxury Card Mastercard® Gold Card™
    Luxury Card Mastercard® Gold Card™

    APR

    16.24
    variable

    Annual fee

    0 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
    Barclaycard Arrival Plus® World Elite Mastercard®
    Barclaycard Arrival Plus® World Elite Mastercard®

    APR

    17.24
    TO
    24.24

    Annual fee

    0 For the first year
    More info