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Best Credit Cards For Seniors And Retirees

Best Credit Cards for Seniors and Retirees

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After spending decades hard at work in your career, it’s now time for you to relax and enjoy your retirement. But as you leave the workforce, you may need to save as much money as possible in order to get by on a fixed income. One of the tools that seniors and retirees can use to save money is a credit card that offers good rewards.

Cash-back credit cards tend to offer the best rewards for most people, especially if you don’t travel a lot. The idea is pretty simple: For every dollar you spend on the card, you get a certain percentage back in statement credits or cash. It’s hard to argue about the value of real money.

Still, in our list of the best credit cards for seniors, we’ve also included a premium travel rewards credit card. For retirees intent on hitting the road, it offers valuable benefits and services that make traveling more comfortable and convenient.

Here are the best credit cards for seniors and retirees.

Blue Cash Preferred® Card from American Express

For those who spend a lot on groceries, there’s no better card than the Blue Cash Preferred® Card from American Express, which offers 6% cash back at U.S. supermarkets (up to $6,000 per year in purchases, 1% after that), 3% at U.S. gas stations and select U.S. department stores, and 1% on other purchases. As a bonus, you can earn $150 back in the form of statement credit after spending $1,000 in purchases in your first three months. Apply by 5/3/17 to earn 10% cash back on purchases at U.S. restaurants in the first 6 months, up to $200 back. Terms apply. There is a $95 annual fee for this card. See rates and fees.

Click here to learn more and apply for the Blue Cash Preferred®…

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