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 15.74% - 24.49% 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 supermarkets (up to $6,000 per year in spending — then 1%), 3% back on gas and department store shopping, and 1% back on everything else. There’s also a sign-up bonus: $150 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 $25 for groceries per week (not factoring in the sign-up bonus). There’s also an introductory APR of 0% on Purchases and Balance Transfers for 12 months, and then the ongoing APR of 13.99% - 24.99% Variable APR.
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: Earn 50,000 bonus miles after you spend $3,000 on purchases in the first 90 days — that's enough to redeem for a $500 travel statement credit.
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.
Information related to the Chase Slate® has been collected by NerdWallet and has not been reviewed or provided by the issuer of this card.
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