CreditCards.com

Living with credit

Citibank denies credit cards to Sweden’s elderly

Julie Sherrier

As part of Citibank’s risk-assessment policy in Sweden, credit card applications for consumers over the age of 75 will be turned down, according to UPI. The credit card issuer confirmed the policy, saying that “those are the rules.”

Hampus Stenberg, Citibank’s head of information in Sweden, said that this type of policy was not unusual, according to Swedish news agency Tidningarnas Telegrambrya. When asked about the policy, Stenberg said it was “impossible to know how long people will live once they turn 75.” According to recent statistics, however, the average life expectancy for Swedish women is almost 83 and men almost 79.

Requests made to Citibank about similar policies existing in the United States were met with the following response: “Age is not a factor when approving credit card applications, unless the applicant is a minor,” says a Citi spokesman.

See related: 11 ways seniors can mop up credit card debt

Join the Discussion

We encourage an active and insightful conversation among our users. Please help us keep our community civil and respectful. For your safety, we ask that you do not disclose confidential or personal information such as your bank account numbers, social security numbers, etc. Keep in mind that anything you post may be disclosed, published, transmitted or reused.

The editorial content on CreditCards.com is not sponsored by any bank or credit card issuer. The journalists in the editorial department are separate from the company's business operations. The comments posted below are not provided, reviewed or approved by any company mentioned in our editorial content. Additionally, any companies mentioned in the content do not assume responsibility to ensure that all posts and/or questions are answered.

  • Hmmm. Let’s see … American Express has the motto “Don’t leave home without it.”
    Maybe in Sweden, the motto of Citi is “Don’t croak with it.”
    Or, as a helpful English-to-Swedish translation site says, “Icke gr det kroat med den.”