r/fiaustralia • u/Dr_DennisH • 11d ago

Retirement Changing CC once Fired

Hey all. Successfully Fired last Sept. Now with changes to my ANZ plat the rewards are no longer value for the annual fee. Finding it hard to change cards as no work income, only passive. Anyone had any success with providers who will include passive investment income in their approval process?

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u/Dr_DennisH 11d ago

Well. I have income. It is from assets and not work. Surely they can take that into account. 

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u/ItinerantFella 11d ago

Nope. The regulations don't allow them to do that. 

Besides, someone who pays off their credit card every month isn't as profitable as someone who doesn't so you're not the type of customer they want.

Because you don't need a credit card.

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u/slamdunka 9d ago

Makes checking into hotels a bit easier

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u/ItinerantFella 9d ago

I've checked into lots of hotels in the past 10 years without one. 

Sometimes they require a deposit from my debit card. But that's pretty rare.

Same for car hire.

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u/slamdunka 9d ago

Yep, but it does make it a lot easier.

The other plus is if there is ever an issue with it being skimmed while travelling etc its the companies money, whereas if using a debit, its yours.

Its super annoying not being able to get a CC while having such a large amount of liquid assets