Best credit cards for retirees of November 2022

CardRatings editors reveal the best credit cards for seniors including cash-back, travel and balance transfer offers.
Best credit cards of 2022
author Brooklyn Lowery
Terms apply; see the online credit card application for full terms and conditions of offers and rewards.
20+ years
finding the best card for you
1,500+ cards
in our database
5,000+ cardholders
polled about their cards
243 reviews
from our experts
Learn about our methodology  

List of Winners

As a retiree, you have the world at your feet. Want to visit family? Perhaps you want to binge watch a new show and order in all day? Maybe it's time to embark on that epic road trip that the daily 9-to-5 always prevented? Or have you always dreamed of visiting some far-flung and exotic locale? What if you finally undertake that new hobby or home improvement project you've considered for years but have never found the time to tackle? Luckily the best credit cards for retirees from our partners can help you along with any of these dreams and more.

Whether you're on the hunt for cash-back rewards, travel rewards, a balance transfer offer or just the security of having a credit card rather than cash or a debit card, one of the top cards below could be just right for you. Remember to consider your credit history and be honest about your lifestyle and spending habits before applying; that way you can find the best credit card for seniors that fits right into your life.

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CardName discontinued    Winner

EditorRating
 
foreign_fee AnnualFees
Why We Like It: This card earns 1.5% cash back on all non-bonus categories, a step up from the more common 1% earned on "other" purchases. Plus, there are a number of bonus categories where you can rewards, so if you spend in these categories regularly this card could be quite lucrative.
Welcome Bonus
Up to $300 Earn an extra 1.5% cash back on purchases during the first year (up to $20,000 spent), for a bonus worth up to $300 cash back
Annual Fee
AnnualFees
Regular APR
RegAPR
Credit Score
CreditScoreNeeded

Bonus: Earn an extra 1.5% cash back on your purchases during the first year (up to $20,000 spent), for a bonus worth up to $300 cash back. Also, take advantage of an intro 0% APR on purchases and balance transfers for the first 15 months (then, RegAPR).

Annual Fee: AnnualFees

Foreign Transaction Fees: foreign_fee

The Rewards: Earn 5% on travel purchased through Chase Ultimate Rewards®, 3% on dining at restaurants and on drugstore purchases, and 1.5% on all other purchases.

PROS:

  • This card's rewards – Chase Ultimate Rewards®, to be precise – can be combined with rewards points earned through several other Chase cards and, in some cases, that can make these points even more valuable.
  • Offering 1.5% cash back on all non-bonus category purchases, this card has a higher cash-back rate than what is offered by some other no-annual-fee flat-rate cash-back cards.
  • New cardholders receive intro 0% APR for purchases and balance transfers for 15 months (then RegAPR).

CONS:

  • Although its 1.5% cash back is more than that offered by other cash back cards, you'll want to be strategic and take advantage of the bonus categories to make the most of this card.
  • To earn the full value of the welcome bonus, you need to spend $20,000 in a year.
  • There is a foreign transaction fee on this card, which is a drawback for anyone who travels internationally or makes purchases in a foreign currency regularly.

Read our full CardName.

Current Scores Past Scores (avg.)
Overall Score 83.4 84.5
Rewards Program Satisfaction 8.3 8.4
Customer Service 8.4 8.6
Website/App Usability 8.3 8.4
Likelihood of Continuing to Use 8.3 9.0
Recommend to a Friend/Colleague 8.0 8.1

*Scores above reflect the results of surveys with actual cardholders. Full methodology below.

CardName discontinued    Winner

EditorRating
 
foreign_fee AnnualFees
Why We Like It: There's a ton of point-earning potential offered with this card thanks to its unique rotating-category/tiered-rewards design. Earn up to 5% cash back each month in rotating categories, plus earn in a number of static bonus categories all year long.
Welcome Bonus
$200 Earn $200 when you spend $500 in the first three months
Annual Fee
AnnualFees
Regular APR
RegAPR
Credit Score
CreditScoreNeeded

Bonus: Earn a $200 bonus after you spend $500 in the first three months.

Annual Fee: AnnualFees

Foreign Transaction Fees: foreign_fee

The Rewards: Earn 5% back on up to $1,500 in purchases in quarterly bonus categories when you sign up (then 1%). Additionally, earn 5% cash back on travel purchased through the Chase Ultimate Rewards® portal, 3% at restaurants and on drugstore purchases, and 1% on all other eligible purchases.

PROS:

  • Enjoy intro 0% APR on new purchases for 15 months (then RegAPR).
  • Take advantage of up to $1,000 a year in cell phone insurance when paying your monthly cell phone bill with your FlexSM card.
  • This card offers complimentary ShopRunner membership for free two-day shipping from more than a hundred online retailers and complimentary three-month DoorDash DashPass, followed by a 50% discount for the following nine months.

CONS:

  • You have to remember to activate quarterly categories to earn the bonus 5% cash back.
  • What's more, the 5% cash back for these categories is capped at $1,500 in combined purchases every quarter.
  • International travelers may want to use a different card when out of the country since this card charges foreign transaction fees.

Read our full CardName.

Current Scores Past Scores
Overall Score 82.1 84.2
Rewards Program Satisfaction 8.1 8.4
Customer Service 8.4 8.6
Website/App Usability 8.4 8.3
Likelihood of Continuing to Use 8.7 9.0
Recommend to a Friend/Colleague 8.0 8.1

*Scores above reflect the results of surveys with actual cardholders. Full methodology below.

EDITOR'S NOTE

Consider adding CardName as well as CardName to your wallet to make the most of your rewards. With Freedom Unlimited® you earn 1.5% cash back on all non-bonus category purchases, which means you could choose to use it for all of the purchases that don't earn bonus rewards with Freedom Flex℠. Yes, it takes a little thought and planning, but it could really pay off big in the long run.

If you want to get truly fancy with your rewards earning, you can combine one or both of these cards with the CardName discussed below. Do that, and all the points you earn with your Freedom Flex℠ or Freedom Unlimited® cards could be worth 25% more value when redeemed through Chase Ultimate Rewards® if pooled under your Preferred® account.

CardName discontinued    Winner

EditorRating
 
foreign_fee AnnualFees
Why We Like It: Every day is your own when you're retired, so it's good to have a credit card that can adjust to your life as you go. You get to CHOOSE where you'll earn the most cash back from a list of six categories and Preferred Rewards Bank of America clients will even earn a bonus on all their earning.
Welcome Bonus
$200 Earn $200 online cash back after you spend $1,000 in the first 90 days
Annual Fee
AnnualFees
Regular APR
RegAPR
Credit Score
CreditScoreNeeded

Bonus: Earn a $200 online cash rewards bonus if you spend at least $1,000 within the first 90 days of account opening. Furthermore, you can take advantage of an introductory 18 billing cycles no interest on purchases and balance transfers made within the first 60 days (then, RegAPR).

Annual Fee: AnnualFees

Foreign Transaction Fees: foreign_fee

The Rewards: Earn 3% cash back on a category of your choosing from among the following list: gas, online shopping, travel, dining, drug stores or home improvement/furnishings. You'll also earn 2% back on grocery store and wholesale club purchases for the first $2,500 spend in combined choice category/grocery/wholesale club purchases each quarter. Earn 1% cash back on your other purchases and once you hit the spending cap. Furthermore, if you are a Preferred Rewards client with Bank of America, you can boost your rewards earning on every purchase by 25%-75% depending on your tier.

PROS:

  • With 3% cash back in a category of your choice and 2% cash back at grocery stores, this card offers plenty of opportunities to maximize rewards on the purchases you make most often. Plus, you get 1% cash back on all other purchases.
  • No annual fee.
  • You earn a welcome bonus of $200 online cash back when you spend at least $1,000 within the first 90 days after opening an account.
  • If you’re a Bank of America Premier Rewards member you could earn up to 25%-75% more cash back on every purchase made. That means the 3% choice category rewards could be worth as much as 5.25% and the 2% categories could be worth as much as 3.5% back!

CONS:

  • The higher reward levels of 3% and 2% cash back are capped at $2,500 of combined purchases each quarter.
  • You'll need a Bank of America or Merrill account if you want your cash rewards directly deposited.
  • This card charges foreign transaction fees so it's not best for international travel.

Read our full CardName.

Current Scores Past Scores (avg.)
Overall Score 78.2 86.1
Rewards Program Satisfaction 7.8 8.7
Customer Service 7.9 8.6
Website/App Usability 7.9 8.6
Likelihood of Continuing to Use 7.9 9.0
Recommend to a Friend/Colleague 7.7 8.3

*Scores above reflect the results of surveys with actual cardholders. Full methodology below.

EDITOR'S NOTE

Consider this: If you choose "online shopping" as your 3% choice category, everything from supplies you buy online for your new hobby to vacation attire you shop for online could fall under that 3% heading (up to the quarterly cap, of course). Given the number of products you can purchase online today, that means that 3% cash back could apply to a wide, wide range of purchases and/or expenses.

CardName discontinued    Winner

EditorRating
 
foreign_fee AnnualFees
Why We Like It: Dine out and travel often? This card may be for you. It offers solid rewards earning, excellent "fine print" perks and features, more value if you redeem your rewards through the Chase Ultimate Rewards portal and the ability to transfer your points to multiple popular airline and hotel loyalty programs. Plus, right now you have an opportunity to earn a bonus worth $750 in travel!
Welcome Bonus
60,000 points Earn 60,000 Chase Ultimate Rewards points after you spend $4,000 in the first three months
Annual Fee
AnnualFees
Regular APR
RegAPR
Credit Score
CreditScoreNeeded

Bonus: Earn 60,000 bonus points after you spend $4,000 in the first three months. Those points are worth $750 when redeemed for travel through the Chase Ultimate Rewards portal or transfer them to one of Chase's airline or hotel loyalty partners for possibly even more value.

Annual Fee: AnnualFees

Foreign Transaction Fees: foreign_fee

The Rewards: Earn five points per $1 on travel paid for through the Ultimate Rewards® portal; three points per $1 on dining, select streaming services and on online grocery store purchases (excluding Target, Walmart and wholesale clubs); two points per $1 on travel; and one point per $1 on other purchases. Your rewards are worth 25% more when you redeem them for travel through the Chase Ultimate Rewards portal, meaning that each point is worth 1.25 cents instead of the standard $.01 each.

PROS:

  • The 60,000 bonus points offered to new cardholders is a solid bonus worth $750 in travel through the Chase portal or when redeemed for certain purchases through the Pay Yourself Back program.
  • Enjoy a $50 annual hotel credit for a stay booked through the Ultimate Rewards® portal.
  • Receive a points bonus each year worth 10% of your total purchases during the previous year.

CONS:

  • To earn the 60,000 bonus point welcome offer, you'll need to spend $4,000 within the first three months after opening an account which may be difficult for some users.
  • As with many other travel rewards cards, this card charges an annual fee.

Read our full CardName.

Current Scores Past Scores (avg.)
Overall Score 75.9 83.4
Rewards Program Satisfaction 7.5 8.3
Customer Service 7.9 8.5
Website/App Usability 7.7 8.1
Likelihood of Continuing to Use 8.2 8.9

*Scores above reflect the results of surveys with actual cardholders. Full methodology below.

CardName discontinued    Winner

EditorRating
 
foreign_fee AnnualFees
Why We Like It: Travel rewards cards don't have to be complicated – you can simply earn rewards, and then easily redeem rewards to offset eligible purchases with statement credit. In the case of this card, though, not only are rewards simple to earn and redeem, one of your redemption options is to cover eligible dining purchases. That means this travel rewards card can both help you offset the cost of traditional travel – hotels, flights, rental cars and more – as well as help you offset a hard-to-cover-with-rewards expense as well: your dining.
Welcome Bonus
25,000 points Earn 25,000 online bonus points after you spend $1,000 in the first 90 days
Annual Fee
AnnualFees
Regular APR
RegAPR
Credit Score
CreditScoreNeeded

Bonus: Enjoy a 25,000-point online bonus – worth $250 in travel or dining statement credit – when you spend $1,000 in the first 90 days.

Annual Fee: AnnualFees

Foreign Transaction Fees: foreign_fee

The Rewards: Earn 1.5 points per $1 spent on every purchase. Those miles can be redeemed as statement credit to offset eligible travel and dining purchases on your card. Furthermore, if you're a Bank of America Preferred Rewards client, you can earn 25%-75% more rewards on every purchase.

PROS:

  • The rewards program is super simple. You earn 1.5 points for every $1 you spend on all eligible purchases and then redeem those points as statement credit to cover eligible travel and dining purchases made to your card.
  • Preferred Rewards clients can earn as much as 2.62 points per $1 spent depending on your Preferred Rewards tier.
  • This card does not charge foreign transaction fees so it's great for traveling both near or far.

CONS:

  • There is no annual fee with this card, but there also aren't a lot of bells and whistles common with travel rewards cards that do charge annual fees.
  • Often the best value with credit cards travel rewards comes from the ability to transfer rewards to hotel and airline travel loyalty programs; however, that's not an option with this card, so the value is pretty set.

Read our full CardName.

Current Scores Past Scores (avg.)
Overall Score 74.0 85.1
Rewards Program Satisfaction 7.2 8.4
Customer Service 7.5 8.5
Website/App Usability 7.8 8.4
Likelihood of Continuing to Use 7.8 8.8
Recommend to a Friend/Colleague 7.4 8.6

*Scores above reflect the results of surveys with actual cardholders. Full methodology below.

EDITOR'S NOTE

Don't travel much? You may want to consider the CardName instead. This card offers 4% cash back on dining and entertainment purchases, 2% at grocery stores, and 1% on all other purchases, plus enjoy a welcome bonus of $300 cash back once you spend $3,000 within the first three months of card membership. It does charge an annual fee, but it's manageable: AnnualFees. Can't bring yourself to pay an annual fee? The no-annual-fee CardName offers 3% cash back on dining, entertainment, popular streaming services and at grocery stores, and 1% on all other purchases, plus a one-time $200 cash bonus after you spend $500 on purchases within the first three months from account opening.

CardName discontinued    Winner

EditorRating
 
foreign_fee AnnualFees
Why We Like It: Retirement should be relaxing, right? Coscto membership allows for bulk grocery purchases, meaning less stressful trips to the grocery store. Plus, this card heavily rewards you for gas purchases, so it's perfect for road trips.
Rewards
Up to 4% cash back Earn 4% csah back on up to $7,000 spent annually on gas an EV charging purchases, 3% cash back on restaurant and eligible travel purchases; 2% cash back on Costco and Costco.com purchases; and 1% cash back on other purchases
Annual Fee
AnnualFees
Regular APR
RegAPR
Credit Score
CreditScoreNeeded

Bonus: NA

Annual Fee: AnnualFees

Foreign Transaction Fees: foreign_fee

The Rewards: Earn 4% cash back on gas and EV charging purchases worldwide, including gas at Costco, for up to the first $7,000 per year in spending (1% after that). Additionally, earn 3% cash back on restaurant purchases and eligible travel purchases worldwide, including airfare, hotels, car rentals, travel agencies cruises, and Costco Travel; 2% cash back at Costco and Costco.com; and 1% on all other purchases.

PROS:

  • This card earns one of the best rewards rates on gas and EV charging stations on the market.
  • Rewards aren't limited to gas/EV charging stations, or even just Costco purchases for that matter. Earn bonus rewards on travel and dining out as well.
  • Road-tripping abroad? Don't forget this card! It does not charge foreign transaction fees so it's great for all of your international travel needs.

CONS:

  • Rewards redemption is automatic and only occurs once a year.
  • You'll need to wait until February of each year to redeem your cash rewards from the previous year's purchases.

Read our full CardName.

Current Scores Past Scores (avg.)
Overall Score 84.9 85.5
Rewards Program Satisfaction 8.4 8.5
Customer Service 8.1 8.4
Website/App Usability 8.5 8.3
Likelihood of Continuing to Use 9.3 8.0
Recommend to a Friend/Colleague 8.6 8.6

*Scores above reflect the results of surveys with actual cardholders. Full methodology below.

CardName discontinued    Winner

EditorRating
 
foreign_fee AnnualFees
Why We Like It: There aren't many ways to get 5% cash back on some of your everyday purchases, but that's what this card offers you with it's bonus categories that rotate quarterly (up to $1,500 spent quarterly; activation required). Plus, if you need a little extra time to pay off purchases, this is a great card for that thanks to 0% intro APR on new purchases and balance transfers for 15 months (then, RegAPR).
Welcome Bonus
Cashback MatchDiscover will match all the cash back new cardholders earn during their first year as a cardholder
Annual Fee
AnnualFees
Regular APR
RegAPR
Credit Score
CreditScoreNeeded

PROS:

  • After your first year as a cardholder Discover will match, without any limit, all the cash back you earned that year.
  • Cardholders get 5% cash back on different spending categories each quarter, up to $1,500 spent in those categories each time you activate, and all other purchases earn 1% cash back.
  • Cash back can be redeemed as a direct deposit, statement credit or used to pay for purchases on Amazon or via PayPal.

CONS:

  • To get 5% cash back, you'll need to activate each quarterly bonus category. Cardholders who forget will only receive 1% cash back.
  • The 5% cash back rate offered is excellent, but it's capped at $1,500 of purchases each quarter.
  • Although Discover is now more widely accepted than ever, you may find some merchants aren't set up to take payments using this card.

Read our full CardName.

Current Scores Past Scores (avg.)
Overall Score 86.3 88.2
Rewards Program Satisfaction 8.7 8.8
Customer Service 8.6 8.9
Website/App Usability 8.6 8.6
Likelihood of Continuing to Use 8.9 9.3
Recommend to a Friend/Colleague 8.5 8.7

*Scores above reflect the results of surveys with actual cardholders. Full methodology below.

CardName discontinued    Winner

EditorRating
 
foreign_fee AnnualFees
Why We Like It: This card rewards your responsible credit card use by offering you rewards both when you make your purchase and then another bit of cash back when you pay off your purchase. Plus, if you're needing a little extra time to pay off an existing credit card balance, this card offers an introductory no interest period on balance transfers for 18 months (then, RegAPR). Citi is a CardRatings advertiser.
Welcome Bonus
N/A
Annual Fee
AnnualFees
Regular APR
RegAPR
Credit Score
CreditScoreNeeded

Bonus: It isn't a traditional bonus, but if you need a few extra months to pay off an existing balance from another card, that introductory 18 months of no interest on balance transfers could certainly be considered a bonus for your wallet. After the intro period, the regular APR of RegAPR applies.

Annual Fee: AnnualFees

Foreign Transaction Fees: foreign_fee

Rewards: Earn 1% cash back when you make your purchases and another 1% cash back when you pay for your purchases by paying your credit card bill. That effectively means you can earn a 2% cash back on all your purchases. Not too shabby for a no-annual-fee credit card.

PROS:

  • At 18 months the intro 0% APR period for balance transfers is one of the better offers on the market.
  • Being able to earn up to 2% cash back on all purchases makes this one of the best no-annual-fee flat-rate cash-back cards you can own.
  • There is no annual fee, and there is no charge for the first late payment.

CONS:

  • You won't get the 2% cash back all at once which could be considered a drawback. This card provides 1% cash back at the time of purchase and 1% cash back at the time of payment.
  • While this card is a great choice for balance transfers, the introductory 0% APR doesn't extend to purchases.

Read our full CardName.

Current Scores Past Scores (avg.)
Overall Score 82.2 88.2
Rewards Program Satisfaction 8.2 8.8
Customer Service 8.0 8.8
Website/App Usability 8.2 8.6
Likelihood of Continuing to Use 8.5 9.2
Recommend to a Friend/Colleague 8.3 8.8

*Scores above reflect the results of surveys with actual cardholders. Full methodology below.

CardName discontinued    Winner

EditorRating
 
foreign_fee AnnualFees
Why We Like It: Now that you're retired you may be eating at home a lot more, or perhaps streaming a lot of Netflix, and that's okay; You deserve it! However, if this is the case, it's important that you're making the most of these experiences, and this card does just that with bonus rewards at U.S. supermarkets, on select streaming services, and more. American Express is a CardRatings advertiser.
Welcome Bonus
$250 Earn $250 statement credit after you spend $3,000 in the first six months
Annual Fee
AnnualFees
Regular APR
RegAPR
Credit Score
CreditScoreNeeded

Bonus: Earn a $250 statement credit after you spend $3,000 in purchases on your new card within the first six months.

Annual Fee: AnnualFees

Foreign Transaction Fees: foreign_fee

The Rewards: Earn 6% back on up to $6,000 spent at U.S. supermarkets annually, unlimited 3% back at U.S. gas stations, and 1% back on other purchases. Users can also earn 6% back on select U.S. streaming services and 3% back on transit purchases.

PROS:

  • The earn rate that can be earned at U.S. supermarkets is huge. This is an excellent card for grocery shopping.
  • This card also rewards well for at U.S. gas stations. If you're spending a lot of time on the road, or perhaps are planning a big roadtrip, make sure to bring it along.
  • New cardholders receive 0% intro APR on purchases and balance transfers for 12 months from the date of account opening (then RegAPR).

CONS:

  • If you don't spend a lot at U.S. supermarkets, the annual fee might not be worth it.
  • There is a foreign transaction fee on this card so it's not the best for international travel.

Read our full CardName.

Current Scores Past Scores (avg.)
Overall Score 77.9 86.5
Rewards Program Satisfaction 7.8 8.4
Customer Service 7.8 8.8
Website/App Usability 7.7 8.8
Likelihood of Continuing to Use 7.9 9.0
Recommend to a Friend/Colleague 7.8 8.7

*Scores above reflect the results of surveys with actual cardholders. Full methodology below.

EDITOR'S NOTE

Like the sound of the Blue Cash Preferred® card but you're not interested in paying an annual fee? Perhaps its no-annual-fee sister card, the CardName may be a better fit (See Rates and Fees). This card earns 3% cash back at U.S. supermarkets, U.S. gas stations and on U.S. online retail purchases (up to $6,000 spent in each category per year, then 1%), and 1% back on other eligible purchases. Not quite as lucrative as the Blue Cash Preferred® card when it comes to supermarket purchases, but still notable, especially considering the fact that it doesn't charge an annual fee.

CardName discontinued    Winner

EditorRating
 
foreign_fee AnnualFees
Why We Like It: If luxury when you travel is your thing (And why not? You earned it with all those years of working toward retirement), then this card could be the perfect complement to your jet-setting retirement years.
Welcome Bonus
80,000 points Earn 80,000 points after you spend $6,000 in the first six months
Annual Fee
AnnualFees
Regular APR
RegAPR
Credit Score
CreditScoreNeeded

Bonus: Earn 80,000 Membership Rewards points after you spend $6,000 on purchases on your new card in your first six months of card membership.

Annual Fee: AnnualFees

Foreign Transaction Fees: foreign_fee

The Rewards: Earn 5X points per $1 spent on flights booked directly with airlines or through amextravel.com (on up to $500,000 on these purchases per calendar year). You'll also earn five points per $1 on prepaid hotels booked through amextravel.com. Additional perks include access to the Global Lounge Collection of airport lounges across the globe, an airline fee credit of up to $200 per calendar year to cover baggage fees and more with one pre-selected airline, and credits with Saks Fifth Avenue, Equinox, on certain hotel purchases and more each year. Enrollment required for select benefits.

PROS:

  • This card makes it easy for travelers to earn rewards by awarding five points per $1 spent on some airfare and hotel bookings.
  • Included airport lounge access, and up to $200 airline fee credit, make this card a nice partner for your travels.
  • The Membership Rewards points earned with the Platinum Card® are extremely valuable and the new cardmember bonus of 80,000 Membership Rewards points earned after spending $6,000 in the first six months can help to get you well on your way to your next redemption.

CONS:

  • If you are someone that prefers to have low or no annual fee cards the Amex Platinum may be a poor fit for you.
  • Unlike typical credit cards, this card allows you to carry a balance for certain charges, but not all. If you are looking to carry a balance from month to month this probably isn’t the card for you.
  • You'll only receive five points per $1 spent on airfare and hotels if you book through Amex or directly with an airline. There's not a lot of rewards earning potential here outside of those limited categories mentioned above.
  • Enrollment required for select benefits.

Read our full CardName.

Current Scores Past Scores (avg.)
Overall Score 75.1 88
Rewards Program Satisfaction 7.5 8.7
Customer Service 7.6 8.9
Website/App Usability 7.5 8.3
Likelihood of Continuing to Use 7.8 8.9
Recommend to a Friend/Colleague 7.3 9.0

*Scores above reflect the results of surveys with actual cardholders. Full methodology below.

CardName discontinued    Winner

EditorRating
 
foreign_fee AnnualFees
Why We Like It: This no-annual-fee card has one of the longest introductory 0% APR periods on the market for balance transfers. If you need some extra time to pay off any outstanding expenses, this card should definitely be worth your consideration. What's more, cardholders get access to pre-sale tickets and VIP packages to concerts, entertainment and sporting events through Citi Entertainment, making it great card for all of your entertainment needs.
Limited Time Offer
$150 statement credit Earn a $150 statement credit after spending $500 on purchases in the first three months
Annual Fee
AnnualFees
Regular APR
RegAPR
Credit Score
CreditScoreNeeded

Bonus: For a limited time, earn a $150 statement credit after you spend $500 in the first three months. You can also think of the the intro APR periods as bonuses in and of themselves. New cardholders can enjoy 0% intro APR for 21 months on balance transfers (from the date of first transfer and transfers must be completed within four months) and for 12 months on new purchases. After the promotional periods, regular RegAPR APR applies.

Annual Fee:AnnualFees

Balance Transfer Fee: BalanceTransferFees

Foreign Transaction Fees: foreign_fee

The Rewards: This isn't a rewards card, so no traditional rewards are earned on purchases. The big reward with this card is the generous 0% intro APR period.

PROS:

  • The intro period on balance transfers is one of the longest we've seen.
  • This card has no annual fee.
  • If you have excellent credit, the standard interest rate of RegAPR APR can be very competitive.
  • One of the best benefits of this card is access to Citi Entertainment. Get special access to purchase tickets to thousands of events annually, including presale tickets and exclusive experiences for the year's most anticipated concerts, sporting events, dining experiences and more.

CONS:

  • You need excellent credit to be approved for this card.
  • This card has no rewards program, so if cash back or accruing miles is important to you, you might want to look elsewhere.

Read our full CardName.

Current Scores Past Scores
Overall Score 73.0 80.5
Features Satisfaction 7.2 7.9
Customer Service 7.3 8.4
Website/App Usability 7.4 8.4
Likelihood of Continuing to Use 7.8 8.8
Recommend to a Friend/Colleague 7.2 7.5

*Scores above reflect the results of surveys with actual cardholders. Full methodology below.

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FAQ

Absolutely. Thanks to equal credit opportunity rights you can't be discriminated for a credit card due to your age.

That said, it isn't your age that can get a rejection notice from a credit card issuer, but some financial factors that senior citizens face could come back to haunt you when it comes to applying for a credit card.

For instance, have you paid off your home? That's awesome, and while you'd think a credit card company would love that, having a mortgage is one of those factors that lenders like to see. They like see a mix of evidence that you're borrowing money and paying it off, and a mortgage - or a car loan - looks really good to them. So when that car loan and mortgage is paid off, a lender is less than impressed (or rather, the algorithm that the lender has set up).

If you haven't had a credit card for awhile, that might also be held against you. That said, if you are a senior citizen who has a regular source of income (i.e., Social Security, pension), and especially if you use credit cards fairly regularly, you really shouldn't have a problem getting a credit card. At least in theory.

It's also easy to see why, if you're retired you would want a credit card, especially one that offers rewards. If you have somewhat of a limited income, or your revenue is tied to your investments and the whim of a sometimes shaky economy, well, clearly you have good reason to want to pay for groceries and gas and get cash back every month – why not spend less every month if you can? You also may want to redeem points for airline miles and eventually go on that epic vacation you've been dreaming of. Nobody can begrudge you that.

When choosing the best credit cards for seniors we condsidered the credit cards perks that we thought someone early into retirement would care about, like simplicity and minimal fees. Each card on this list is highly rated for its ease of use, value of rewards, and reputable customer service. Retirement should be a time of relaxation– the cards on this list can help retirees do just that.

From cash back on groceries to mega bonuses earned towards travel, we've included something for every type of retiree in this list. We've even included a premium credit card option for those who want to take a "lifestyle of the rich and famous" retirement approach. The cards on this list are carefully reviewed by our editors, and the list is regularly updated to ensure the best credit cards for retiree offers are always front and center.

Flexibility is a beautiful thing no matter what stage of life you're in, but especially so for retirees. Because it offers 1.5% cash back on every non-bonus category purchase made, the CardName tops our list for the best credit card for seniors. Additionally, it offers 5% on travel purchased through Chase Ultimate Rewards®, 3% on dining at restaurants and on drugstore purchases, and 1.5% on all other purchases. So whether you're shopping for household essentials or planning a cross-country road trip, this card will reward you for every purchase you make along the way.

Like with anything though, everyone's plans will look different, and so will credit card expectations. Maybe retirement for you means more traveling, or maybe it means more time at home with grandkids. If you plan to frequently fly, the best card for you may be an airline-rewards credit card, but if you plan to drive a lot, you would likely be better off with a card that rewards you for gas purchases. When it comes to deciding which card is best for you, evaluate your needs, and pick a card that meets them. It's easy to get distracted by lucrative welcome bonuses or other credit card perks, but the best credit card is the credit card you'll actually use, so pick something that you know fits with your retired lifestyle - no matter how relaxing or adventerous those plans may be!

Having a credit card is not just a convenient way to make purchases. If you use your credit cards strategically, you can reap many benefits. The following are some ways to get the most out of your credit cards:

 

  • Take advantage of rewards. If you get a rewards card, you may be able to earn cash back on qualifying purchases, which can go a long way to offset the costs of annual fees. If you earn enough cash back, some of your purchases may actually end up being "free."" Also, rewards for gift cards and travel can help you save a significant amount of money over time.

 

  • Pay balance in full. By watching your spending habits and only buying what you can afford to pay for every billing cycle, you can position yourself to pay your balance in full each month. This will save you money on monthly interest, as well as help boost your credit score.

 

  • Maximize spending with welcome bonuses. If you choose a card that has a welcome bonus, it can be another way to save money. Some cards offer welcome bonuses of $100 or even up to $500 based on making a certain dollar amount of purchases within the first months of having the card. These bonuses could go a long way towards your retirement pleasures.

As a retiree, you've likely spent a number of years by now building a credit history and credit score. In theory, you're in the best financial shape of your life after having spent your working years being financially responsible. That means banks and credit card issuers have every reason to offer you the best of their products and those products often come with money-saving or luxury-bestowing features and perks.

Additionally, you aren't working every day now, which means that the credit card you've been using for the past several years may not be right for you anymore. Your day-to-day has changed, and your credit card probably should too. 

Whether you've been a credit card user for years or are now considering diving into the credit card rewards world, here are some reasons to shop for a new credit card as a retiree:

1. Take advantage of an introductory 0% interest period. Did you notice that many of the cards above feature some length of a 0% intro APR on purchases and/or balance transfers? Those 0% intro interest periods could save you a bundle if you have a purchase, emergency, trip or some other expense that you need a few extra months to pay off.

2. Enjoy added security as you shop online or travel. Credit cards are simply more secure to carry, especially when you travel, than a wallet full of cash (or even a debit card, for that matter, thanks to how the laws are written). Lose a credit card or have someone steal your identity and your credit card company will protect you against fraud and federal laws will back that up. Lose your cash or debit card, and you could be out hundreds of dollars. Simply having a credit card for secure shopping is a solid reason to keep one around.

3. Rack up rewards. Let's be clear: we're in it for the rewards. Credit card reward options are vast these days and can be incredibly lucrative. You don't have to be a travel rewards expert to reap the benefits of travel rewards. You don't have to be an accountant to understand that getting cash back is always a nice perk. The level of focus you want to put on rewards is up to you, but you certainly will have everyday expenses; why not earn rewards on those at the very least?

Survey Methodology: CardRatings commissioned Op4G in September and October 2021 to conduct surveys among 1,524 cardholders nationwide. CardRatings website analytics from Jan. 1, 2021-Aug. 31, 2021 were used to determine a selection of the most popular cards and additional cards were included to add survey breadth. Responses to each of nine questions were given on a scale of 1-10 and respondents' scores were then averaged under broad topics. To determine the overall score, responses from questions 1-8 were summed and the answer to "How likely are you to recommend this card to a friend, coworker or family member?" was double weighted. "Current Scores" reflect scores from the most recent survey; "Past Scores (avg.)" are the scores averaged over each prior year the card has been surveyed. "Past Scores" indicates a card has only been surveyed in one prior year.

Ranking Methodology: CardRatings experts review the fine print, details, perks, rewards and features of hundreds of cards and compare them side-by-side with similar cards. A card that makes an excellent balance transfer card may not make a great cash-back rewards card even though it offers those rewards. While the Best of the Year list is announced annually, that list – and all other “best of” lists on CardRatings – are regularly reviewed and updated as issuers change the terms and features of each card often.

For the rates and fees of American Express cards mentioned in this article, please see the following links: CardName (See Rates and Fees); CardName (See Rates and Fees); CardName (See Rates and Fees)

Disclaimer:

The information in this article is believed to be accurate as of the date it was written. Please keep in mind that credit card offers change frequently. Therefore, we cannot guarantee the accuracy of the information in this article. Reasonable efforts are made to maintain accurate information. See the online credit card application for full terms and conditions on offers and rewards. Please verify all terms and conditions of any credit card prior to applying.

This content is not provided by any company mentioned in this article. Any opinions, analyses, reviews or recommendations expressed here are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any such company. CardRatings.com does not review every company or every offer available on the market.

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