Retirement and Credit Cards?

knick1959

Level 2 Member
As I start a plan heading into retirement (I'm at least 5 years out, but who knows), it just hit me. My salary and employment status will change. My credit score? Perhaps not.

Any of you guys retired and still participating in The Game? I assume you still can. I've already slowed down my own pace, but that's more of an opportunities used-up, dried-up deal.

Any experience as a retiree and credit card activity? TIA.
 
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GettingReady

Level 2 Member
As I start a plan heading into retirement (I'm at least 5 years out, but who knows), it just hit me. My salary and employment status will change. My credit score? Perhaps not.

Any of you guys retired and still participating in The Game? I assume you still can. I've already slowed down my own pace, but that's more of an opportunities used-up, dried-up deal.

Any experience as a retiree and credit card activity? TIA.
No problem whatsoever. I asked that same question to a couple of bankers. They essentially said it’s my “available income” in retirement accounts. Technically I can draw out whatever I want. I haven’t slowed down on CC apps and it hasn’t been an issue.
 

pstlb

Level 2 Member
Same here. I've slowed down considerably but still participate. Banks keep approving me for CCs so I continue to play.
 

Rick

Level 2 Member
The great thing about being retired is you can do as much or as little as you want.
As for the banks... they still approve.

Here is a head scratcher:
After holding A Chase business card for 7 years, during which I’ve never requested a CLI, they’ve gone and increased my line 4 times this year. This has resulted in a five-fold increase in what was a decent line to begin with. I don’t even have a business. Makes no sense to me at all.
 

knick1959

Level 2 Member
Thanks to all of you for the replies. I can rest a bit easier now! I have used up most of the AMEX card opportunities (unless they forget about me in X years ... when I'm retired maybe? :)) and I had issues even getting the bonus for the last card (had to write CFPB, which did the trick). I'm sure I'll be on their S-list for some time. Chase? I won't be under the Chase 5/24 threshold for awhile ... but there is a chance I'll be there once retired.

I don't think I will ever churn again like I have in the past; it isn't possible anymore (not at previous rates). But it IS good to know I can still shoot for new options that appear even after retirement.
 
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