Denied a credit limit increase: three ways retirees can boost approval chances.

The article notes that credit can be harder to obtain in retirement because issuers often consider payment history, credit score and current income, and it outlines three approaches retirees can use to try to increase their chances of getting a credit limit increase.

Getting credit can be trickier in retirement, and that can make a credit score more important. Credit limit increases are often less invasive than applying for a new card. Lenders commonly review payment history, credit score and current income when deciding on increases. Because many retirees do not have a regular wage, they can face extra obstacles when seeking a higher limit. Key points: - Credit limit increases can add spending power without opening a new account. - Issuers typically consider payment history, credit score and current income when evaluating an increase. - Retirees may face challenges because regular employment income is often absent. - The article describes three ways retirees can work to improve their chances and also addresses options after a denial. Summary: The article highlights that retirees may encounter higher hurdles when requesting credit limit increases, which can affect access to extra spending capacity. Undetermined at this time.