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

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With so many websites offering free financial tools, it can be hard to know whom to trust. At NerdWallet, we spend literally 1,000s of hours researching partner offers and following strict editorial integrity to match you with the perfect choice. We even share how we make money so you can enjoy our expert advice and researched recommendations with total clarity and confidence.
Best Credit Card Offers for Retirees

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 15.99% - 24.74% 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 your daily purchases — like groceries, gas and department store shopping — the Blue 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 abroad

If you long to spend your golden years globetrotting, the Barclaycard 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 16.99%, 20.99% or 23.99% Variable APR.

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