You are only eligible for a credit card if you are 18 years old. But does a maximum age actually apply?
Can someone 70 years old apply for a new credit card? Or extend his old card when it reaches the expiration date? As a senior citizen, can you still use a credit card?
Which are all issued by the Netherlands’ largest credit card company
The answer to these last three questions is yes. For example, if you want to apply for the Visa World Card, the Mastercard Classic or a credit card from the ANWB, it doesn’t matter how old you are.
There is no maximum age for these well-known credit cards, which are all issued by the Netherlands’ largest credit card company, ICS.
The income does count
A breakwater can be your income and financial situation. To be eligible for a normal ICS credit card, you must have at least 1,150 euros net each month after deduction of your rent or mortgage.
You will usually not get there with just a state pension. You almost certainly also need a supplementary pension.
In addition, debts or personal loans can still be of influence. If you have payment arrears with any body, your credit card application will probably be rejected. But that applies to all ages.
The limit can be lowered
At another, smaller Dutch credit card issuer you may be confronted with age restrictions. For example, Qander, the provider of the Flex Visa, Holland Visa and Knab Visa Card, lowers the credit limit to a maximum of 2,500 euros as soon as you turn 75.
Finally, American Express does not specify any age limit in its terms and conditions.
However, a credit card issuer is always free to refuse you a card or to adjust your spending space to your financial situation.