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  1. I am a sixty seven year old pensioner, would like a credit card with a small limit eg $1000 for emergencies. Have been told many times that that I do not meet the criteria.
    No one ever tells me what the criteria is, only to apply when my situation changes. I am currently sevicing a personal loan of $1500, of wich I have never missed a payment. This is due to finish shortly, as I only have $250 to pay. I have no other debts and no dependants.
    Can you offer any solutions, I would most gratefull.
    Dianne

    Reply
    1. Mozo

      Hi Dianne,

      Yes, a credit card can be a convenient source of funds for emergencies but most banks require you to have proof of income to service your repayments. Unfortunately, this does not include government benefits or pensions.

      The best course of action would be to contact your current financial provider, as they are already aware of your financial situation, to see if they have a suitable credit card.

      I hope this helps,

      Rebeccah

      Reply
  2. Hi Dianne, perhaps you can work on putting aside $1000 for emergencies, that way you won’t need a credit card.

    If you can save even $10 a week you will be able to save up your $1000 emergency fund.

    Reply
    1. Mozo

      Hi Victoria,

      We agree saving an emergency fund is a great idea, as the debit card on your deposit account works in the same way you as a credit card, except it is your own money. It’s also easy to access in an emergency situation and you won’t have to pay the cash advance rate that is generally attached to credit cards.

      Rebeccah

      Reply
  3. Hi try coles mastercard. I’m sure they will look after you. They offer two, one you pay for the other is free with a $50 bonus to spend in store once all the paper work is done.

    Reply
  4. MinakoSargent Fukuda · Edit

    Hi Rebecca, me too has come across the injustice of being stopped of the convenience of a credit card, when I had one, the bank was extremely eager to get it of me, and in the long run succeeded. I will never trust a bank again and certainly if I was to have big money I rather bury it in the yard than have them freeze my acct and make me stonemotherless broke, which I know they can do, never mind there might be a law of saying not allowed, to be honest I don’t care, I rather have no interest payments than them sending me broke, why we pensioners are discriminated against is making me wonder, but unfairness in the bank system is nothing new! I know what a client once told me when the bank declared the deposit to be wrong, it doesn’t throw a good light on Australian banks at all, it was a cnn report!

    Reply
  5. I am not sure if you heared the saying
    Bank Manager is a person who will lend you umberalla and ask it back when it is raining
    you can not depend on banks in your old age

    Reply

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