While credit cards are convenient to use for people of all ages, retirees often have special needs. They want a card that is convenient and simple to use in living communities with an interest rate that is as low as possible, so below is a list of the 4 best credit cards for mature adults.
Chase Freedom
This is a great charge card for strategic retirees that wish to maximize cashback opportunities. You’ll need to monitor those categories which provide rewards, as you can earn cashback which can be used for additional purchases. An additional amenity is that Chase Freedom cards do not have a yearly fee.
Cardholders can receive up to five percent cash back per quarter (with a $1500 limit), but you will need to enroll; otherwise, you will be limited to just one percent cashback. There is also a $150 signup bonus when you spend a minimum of $500 within the initial ninety days after receiving it.
Visa Netspend Prepaid Card
Retirees who are looking for a prepaid credit card won’t go wrong with this one. It is exceptionally versatile, providing lots of options for fund loading with generous withdrawal limits. This ensures that users will always be able to access their cash without headaches. However, there are some fees that you need to be aware of so it is important to read the documentation that comes with it. It does offer cashback for some purchases and adding funds can be done easily via direct deposit, bank transfer, Western Union, or MoneyPak.
American Express Blue Cash Preferred
Everyone needs to purchase groceries, and this card provides rewards for doing so. It is ideal for retirees who want to do their own grocery shopping so they can prepare meals at home. While many rival credit cards promise bountiful cashback deals, they often don’t deliver due to either low reward caps or rotating categories. The American Express Blue Cash Preferred dispenses of these gimmicks in favor of six percent cashback whenever the card is used in supermarkets up to $6,000 a year, which is an outstanding value.
Anywhere Visa Card from Costco
Costco has become one of the largest and most popular grocery outlets in the United States, so it isn’t surprising that they are now offering their own charge card. This particular card is ideal for Costco members who travel frequently, as it rewards users every time they pay for gas. It has no yearly fee for those who retain their Costco membership and you can collect cashback in multiple ways.
Additionally, retirees who travel internationally will be delighted to find that, unlike other credit cards, the Anywhere Visa does not levy a foreign transaction charge. You’ll get four percent cash back for qualified gasoline purchases which are made for the initial $7,000 that is spent annually, and after this amount you’ll only get one percent cashback for gasoline purchases.
