Why treat senior bank customers as bad credit risks?

Recently, I received a letter from HSBC, informing me that it was withdrawing my credit card, now that I had retired.

I was puzzled by its action, as I had been its customer for many years. Surely, it does not mean that upon retirement, senior citizens have no means to pay for their credit card.

To add insult to injury, I was given the option of converting my credit card debt to a personal loan with the bank, at a hefty interest rate.

I have an ample amount of savings, and the bank's records will show that I have not been reckless in my spending and have always paid my debts promptly.

In fact, I think we, senior citizens, are better credit risks than some of the younger ones.

Annie Loh (Ms)