I am 2-3 years from retirement, when my reported income will drop significantly. I am mainly in Cap1 and Chase, dabbling in Citi and AmEx. Planning to maximize travel rewards for retirement. I am starting to focus on the best plays in the next few years.
Churning as many new card SUBs as I can get may be best. I envision consolidating to 1 or 2 ecosystems after retirement. I own a rental property, so business cards may remain an option.
Has anyone here crossed the line of retirement and continued in the rewards game? I am curious to know someone else's experience. Travel in retirement is a big goal for me, and how that unfolds will depend on maximizing rewards.
Approaching retirement in the game
byu/vonSequitur inCreditCards
Posted by vonSequitur
2 Comments
Man you’re in perfect position with that rental property – business cards gonna be your lifeline after retirement hits. Chase Ink series probably your best friend there since you already got foot in door with them
I’d definitely hit those SUBs hard while income still looks good on applications. Once you retire and income drops the approval odds get way trickier even if you got perfect credit. Maybe focus in Chase ecosystem since their transfer partners are solid for travel and you already established there
The rental income should help keep you eligible for decent cards but might not be enough for premium stuff. Would love to hear how this plays out for you in few years
You are over thinking it. People churn in retirement as well. As long as you can meet the spend, you would be fine.
As a matter of fact, if you are doing roth conversions, your retirement income maybe even higher than your courrent income for a few years.