Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Back to Credit Cards

Stay-At-Home Parents Getting New Credit Card Rule

Monday, September 24, 2012 - 5:35 AM
From CNNMoney.com
Help is on the way for stay-at-home parents being denied credit cards because they don't have income of their own.

The Consumer Financial Protection Bureau will propose a rule within the next few months that will make it easier for applicants without personal income to qualify for credit cards

Read more
4
Ken TuminKen Tumin5,441 posts since
Nov 29, 2009
Rep Points: 123,663
1. Tuesday, September 25, 2012 - 12:01 PM
I don't understand what the problem is for stay at home moms.  I was one for most of my life and when it came to credit cards, they always gave him an extra one with my name on it and I never had any problem using it.  Of course, the high credit rating goes towards his name even tho I use the card most of the time.  I have also been hounded for years by credit card companies to give me a card in my own name but never felt the need to do so.  If I survive him, I will then need one in my own name.
1
paoli2paoli21,137 posts since
Aug 10, 2011
Rep Points: 5,071
Reply