Is It Harder for Seniors to obtain Bank Cards?

Is It Harder for Seniors to obtain Bank Cards?

There’s strong demand for credit cards among older adults whether it’s to earn rewards toward vacations or just finance everyday purchases.

Based on a report from credit bureau Experian, middle-agers (those created between 1946 and 1964) carried on average 4.8 charge cards into the 2nd quarter of 2019, a lot more than any kind of generation into the report.

One might genuinely believe that a mature adult’s odds of getting authorized for the brand new charge card could be reasonably high. It is a demographic that is had more hours to ascertain long credit histories, pay mortgages and display accountable borrowing. Continue reading “Is It Harder for Seniors to obtain Bank Cards?”

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