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Whinge of the day thread...
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<blockquote data-quote="Hawkear" data-source="post: 677357" data-attributes="member: 4728"><p>Just a heads up to those of us who share a credit card account with their partners. </p><p>Did you know that if you are the principal account holder and you die, your partner will not be able to use her or his credit card exactly at the time when they may need to.</p><p>A friend of ours recently died and his wife was locked out of the account and had a huge amount distressing trouble to go through the almost impossible paperwork hoops to secure a new credit card in her name from her bank. </p><p>Seemingly, banks are following a policy which has the effect of making it extraordinarily difficult for older people on limited incomes, despite any assets they may have like superannuation, to secure the same financial services they fall over backwards to offer younger people.</p></blockquote><p></p>
[QUOTE="Hawkear, post: 677357, member: 4728"] Just a heads up to those of us who share a credit card account with their partners. Did you know that if you are the principal account holder and you die, your partner will not be able to use her or his credit card exactly at the time when they may need to. A friend of ours recently died and his wife was locked out of the account and had a huge amount distressing trouble to go through the almost impossible paperwork hoops to secure a new credit card in her name from her bank. Seemingly, banks are following a policy which has the effect of making it extraordinarily difficult for older people on limited incomes, despite any assets they may have like superannuation, to secure the same financial services they fall over backwards to offer younger people. [/QUOTE]
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