Top 5 Credit Cards for Elders

Author: Jacqueline Hatch

| Published on: October,13 | Viewed: 2979 times


Managing finances is top priority for people entering retirement, directly affecting the quality of life that people experience as they age. The combination of living expenses, medical bills and paying for housing can certainly add up, leaving many senior citizens in difficult financial situations. But never fear! These top credit cards offer many benefits to the aging American population, including helpful financial discounts and more!

  1. True Link Financial: This company aims to increase the independence of card users by providing “financial tools that can be self-managed or administered by family members, trusted friends, or professionals.” The True Link Card for caregivers allows families in need to provide spending money to caregivers while still managing the account.

  2. Discover It: Cardholders can get anywhere from 5% to 20% cash back at select online retailers. Additionally, Discover monitors every purchase made and alerts customers when they detect fraud; this feature is great for elders who may not check their accounts often.

  3. The Blue Cash Preferred Card from American Express: This card offers users 6% cash back on groceries and 3% cash back on gas. It also offers 0% intro APR on purchases and balance transfers for the first 15 months. This card is great for elders who want to earn cash back with no enrollment fees.

  4. U.S. Bank Visa Platinum Card: Customers get free access to their account online, as well as free bill pay and a copy of their credit score. Cardholders are repaid in full if their card is ever stolen and used fraudulently. Moreover, customers receive free automobile rental insurance every time they rent a car on this card.

  5. The HSBC Platinum MasterCard Credit Card: This card features a $0 annual fee, plus 55 days interest free on purchases. In addition, people who need assistance can “speak with specially-trained MasterCard Global Service Representatives 24 hours a day, 365 days a year, in any language.”

There are a variety of options out there for elders looking to take control of their finances. Fortunately, Seniorly knows which cards offer the most benefits to customers. For more information, visit the links included throughout this article, and feel free to share what you’ve learned with friends and family.


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