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 debtChase 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 16.24% - 24.99% 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 purchasesBlue Cash Preferred® Card from American Express may be for you. It offers 6% back at U.S. supermarkets (up to $6,000 per year in spending — then 1%), 3% back at U.S. gas stations and select U.S. department stores, and 1% back on everything else. There’s also a sign-up bonus: $200 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 sign-up bonus).
Barclaycard Arrival Plus® World Elite Mastercard®: Best for traveling in the U.S. and abroadBarclaycard Arrival Plus® World Elite Mastercard® is a great card. It offers 2 miles on every $1 spent, redeemable for travel statement credit. You’ll even receive 5% of your miles back when you redeem. There’s also a good sign-up bonus: Enjoy 40,000 bonus miles after you spend $3,000 on purchases in the first 90 days — that's enough to redeem for a $400 travel statement credit toward an eligible travel purchase.
The Barclaycard Arrival Plus® World Elite Mastercard® has an annual fee of $0 for the first year, then $89 and no foreign transaction fees. There’s also an introductory APR of 0% on Balance Transfers for 12 months (on balance transfers made within 45 days of account opening), and then the ongoing APR of 17.24%, 21.24% or 24.24% Variable APR.
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