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Best Credit Card Offers for Retirees: Which Should You Choose?

Jan. 22, 2015
Credit Cards
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  • Chase Slate®

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Retirees, you’ve worked hard your entire life making money, but what credit card should you use to spend it? Whether you want to pay off debt, earn rewards on your day-to-day spending or use your new free time traveling — we’ve found a fantastic credit card offer for you. Here are some of the best credit card offers for retirees.

Chase Slate®: Best for retirees in credit card debt

If you’re still in credit card debt, now is the time to pay it off. Enter the Chase Slate®, an excellent balance transfer card to help you pay off your debt quickly and affordably. It offers 0% on Purchases and Balance Transfers for 15 months, and then the ongoing APR of 16.49% - 25.24% Variable APR. And while most balance transfer cards charge 3-4% transfer fees, the Chase Slate® has a $0 balance transfer fee on transfers made in the first 60 days.

The Chase Slate® has an annual fee of $0. It comes with free access to Blueprint, an online program that helps you develop a plan to pay down your debt and allows you to choose which purchases to pay down right away and which ones to pay down slowly.

Blue Cash Preferred® Card from American Express: Best for rewards on everyday purchases

If you want to be rewarded for daily purchases like groceries and gas, the Blue Cash Preferred® Card from American Express may be for you. It offers 6% cash back at U.S. supermarkets, on up to $6,000 a year in spending (then 1%); 6% cash back on select U.S. streaming subscriptions; 3% cash back at U.S. gas stations and on transit (including such things as taxis, rideshares, parking, tolls, trains and buses); and 1% cash back on all other purchases. Terms Apply. There’s also a welcome bonus: $250 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months. Terms Apply.

The Blue Cash Preferred® Card from American Express has an annual fee of $95, which is negated if you spend at least $31 for groceries per week (not factoring in the welcome bonus).

Information about the Chase Slate® has been collected independently by NerdWallet and has not been provided or reviewed by the issuer of this card.