‘It doesn’t seem fair’: I’m retired and have plenty of money. Why can’t I qualify for a retail credit card?

A retired person with sufficient savings is unable to qualify for a retail credit card despite having available funds. The individual draws from an Individual Retirement Account as needed for household expenses and discretionary spending. Retail credit card issuers typically use credit score, debt-to-income ratio, and employment status as qualification criteria rather than total asset levels.

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