Top Credit Cards for Elderly and Retired People

More and more senior couples and elderly people are moving towards using plastic money. With the advent of technology in the banking sector, there is unprecedented growth in the credit cards industry. Take a look at the best credit card options for retired persons.

Introduction

The credit card history and report for senior and elderly people is different for teenagers and adults. Most of the senior and retired persons who do have any debt or mortgage. However, there is a recent trend in the country and also worldwide that shows many senior individuals suffering from high debt which is really bad news for their financial report. Most of the elderly people and seniors do not earn money and survive on the retirement accounts and their savings over the years. It is also important for the elderly population to take help from financial and credit card experts in order to apply for the credit cards and generate regular credit card reports in order to check the finances. There are some kinds of credit cards which are most beneficial to the retired people only.

Top Credit Cards for Elderly and Retired People

What are the most important types of credit cards that the senior people must use? Can you give me a list of elderly-friendly credit cards? The credit cards market is booming and try the given list of seamless credit cards which are aimed at amazing discounts and rebates to the cardholders.

Citi® Double Cash Card

Reasons to Choose

  • Only after 4 months you have chance for balance transfer
  • Your variable APR is amounted around 14.99% to 24.99%
  • Ideal opportunity to earn cashback without any signup
  • Just pay $5 as each balance transfer fee
  • This is your card if you want double cashback

The Platinum Card® from American Express

Reasons to Choose

  • You have access to more than 1,000 airport lounges
  • Take more rewards and benefits during retirement travel trips
  • Also chance to get $200 in airline credit in an yearly basis
  • Take help from fine hotels and resorts program
  • Have facility of availing TSA Pre screenings

Blue Cash Preferred® Card from American Express

Reasons to Choose

  • Have amazing benefits with inclusion of family and friends
  • Get help from travel accident insurance
  • You can also get assistance in fraud protection
  • Also earn almost yearly in $6,000 on spendings
  • For opportunity to get membership reward points

AARP® Credit Card from Chase

Reasons to Choose

  • Get opportunities of never-ending rewards points
  • Avail upto cashback of arouind 1% in every purchases
  • Have ideal chance to redeem gift cards through AARP membership
  • Enjoy completed warranty protection from US manufactureres
  • Earn almost $500 for each claim in terms of new spendings

Fidelity® Rewards Visa Signature® Card

Reasons to Choose

  • Have opportunity to link with retirement and brokerage account
  • You have around 2% cash-back on almost all purchases
  • Try to use your rewards points as long as possible
  • Get chance for spending almost everyday
  • Only get premium retailers in order to enjoy amazing rewards

Bank of America® Cash Rewards Credit Card

Reasons to Choose

  • Have chance to pay around 13.99% to 24.99% in APR variable
  • Enjoy for initial 3 months around $200 bonus statement
  • Get opportunity to buy cashback of 6% or $6,000 from purchases
  • Try to have APR as low as )% for initial year only
  • Also get offers and discounts at malls, stores and gas stations

 


Now You choose:

It is a true fact that many credit cards scam are targeted at the older population as they have less knowledge of credit cards and the main dangers of it. Another ongoing problem, that almost half of the population is suffering from is high credit card debt. After getting the credit card of your choice, it is mandatory for all credit card holders to keep a tab on the accounts. Moreover, you should also find out the credit report based on your credit card performances which will help to give an idea of the present financial situation of yourself. It is also important for the credit card companies to provide hassle-free credit card application process and also provide with them with needed assistance in terms of handing credit in the right manner.

More: Read more about credit cards

Image Courtesy: Respective credit card company websites.

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