Money magazine Comments - Can you pass this personal finance news quiz?

Comment by David Chaves ()

David Chaves () — Mon, 24 Mar 2025 20:23:26 +1100

Why is it so hard to get a credit card for a small amount of $3000-$5000 when you are retired?

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Comment by Kathleen Wilcox ()

Kathleen Wilcox () — Sun, 15 Jun 2025 15:22:02 +1000

I scored 8 in your quiz

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Comment by Money Quiz ()

Money Quiz () — Mon, 16 Jun 2025 08:38:57 +1000

Nice one, Kathleen! Thanks for sharing.

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Comment by Ian Quaggin ()

Ian Quaggin () — Wed, 31 Dec 2025 18:15:25 +1100

The majority of retirees normally pay off their cards in full each month. This means no interest earnings for the bank but costs of administration are still borne by the bank. That is not what banks want. It's very little to do with income levels, although the bank peddles this as a reason. Many retirees have more than enough income to service a credit card.

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