Top 10 Best Credit Cards for Seniors

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Finding the best credit cards for your daily use is always a big challenge. While getting a new credit card, you may sometimes need to improve your credit scores.

Especially for senior citizens, a few factors should be concerned in the first place. For example, why do you need new credit cards, usage, purposes, and so on.

So, in this writing, we will suggest the top 10 best credit cards for senior citizens. Keep reading the entire article if you are curious to know about it.

What are the Best Credit Cards for Seniors?

Usually, a credit card is a personalized thing. The purpose of the credit card and usage will determine the best and the worst part of a credit card. For instance, a credit card has so many benefits and advantages. But you are the type of person who doesn’t need those advantages.

So do you really think that a credit card would be best for you? The answer is “big NO.” When you have a credit card, that card should be sufficient to fulfill your daily needs or usage. That is why different credit cards offer different services.

Even though there are some commonalities between all credit cards, then again, you need to consider certain factors before getting any credit card. Depending on your criteria and needs, there are several credit cards out there. You just need to find the correct one for you, depending on your needs.

And that would be the best credit card for you. Nonetheless, some common best credit cards are listed in the following:

  1. Blue Cash Preferred® Card from American Express
  2. Chase Freedom Unlimited Card
  3. Capital One Quicksilver Cash Rewards

What Does It Mean by Credit Invisibility?

Most people are very much obsessed with their credit scores. And the majority of the time, they don’t have any credit score. And people who have a credit card with no credit score are called unscorable people. Usually, the age of those unscorable people is somewhere between 18-25 years old.

Because those people are very much dependent on their families, they do not have that time to build their credit score. Generally speaking, the credit score goes up at a person’s senior age, especially when a person is retired from their job or more than 60 years old.

We can also categorize people with their credit invisibility. On average, the statistical data says people 60 to 64 years old have 2.7% credit invisibility. People between 64 to 69 years old have 8.6% credit invisibility. On the other hand, people above 75 years old have 17.8% credit invisibility. Statistical data from Experian shows that Senior citizens have the best credit score than any other age group.

What are the Reasons for the Unscored Credits?

There are several reasons for which your credit can be unscored. But for the senior citizen, some other specific things cause unscored credits. They are mentioned in the following:

  • Gender of the person
  • Debt-Free
  • No Fixed Income or unemployment
  • Low Credit Utilization and so on.

Top 10 Best Credit Cards for Seniors:

There are plenty of credit cards out there. And different credit cards come with various facilities and benefits. So, you need to choose the correct one according to your needs and usage. So, let us list some common everyday use credit cards for seniors so that you can easily choose from that list:

1. Blue cash preferred card from American Express:

This card is one of the most popular credit cards by American express. There are so many benefits of these cards. If you can spend like 3000 USD, you will get $300 statement credits. Also, it has some attractive cashback offers and a lower intro APR.

2. The chase freedom Flex:

The number two in the line is the Chase Freedom Flex credit card. If you can spend like 500 USD, you will get a USD 200 bonus. Also, in any travel package, you will get 5% instant cashback. The best part about the Chase Freedom Flex credit card is that it has zero annual fees.

3. AARP® Essential Rewards MasterCard:

AARP® Essential Rewards MasterCard is offered by Barclays for senior customers. You will get 3% instant cashback in any drug or gas store. While paying the medical or hospital bills, you will get attractive offers and cashback.

4. Citi double cash card:

Another popular credit card for seniors is the Citi double cash card. The best part about this card is that you will get unlimited cashback. Also, if you need to transfer your money to another account, you won’t require transfer fees. Additionally, this credit card has no annual bills.

5. Costco Anywhere Visa® Card:

This card is also offered by the CITI, which is the best credit card for seniors who frequently shop from the stores like Costco and gas stations. It has some attractive travel, dining, and Costco station offers. If you are the type of person who spends a lot in the gas station, this card can be a perfect option.

6. Blue cash every day:

This credit card is offered by American express. This card is specially designed for people who like to spend a lot in supermarkets. Also, in every gas station, you will get a cashback offer with this card. This card also doesn’t have any annual fees.

7. Capital One Quicksilver Cash Rewards card:

This card is pretty straightforward as it doesn’t have any annual or hidden fees. This card is best for people who spend a lot of grocery shopping or in the supermarket. This card also offers 0% interest for 15 months. You will get a flat 1.5% cashback on your every purchase.

8. Capital One Venture Rewards:

This credit card is specially designed for senior travellers. If you travel a lot, this card can be an excellent choice. On the travelling websites, you will find plenty of offers with this card. But if you use this card, you have to pay a minimum annual charge.

9. U.S. Bank Visa® Platinum Card:

This is a platinum card with plenty of benefits. This card offers 0% annual fees along with a low intro APR. If you frequently use your card for big payments, then this card can be a very good choice for you. As the more you play, the more you can earn!

10. Bank of America credit card:

This card is very suitable for everyday use. You will get a very good cashback offer on every payment. Also, you do not have to worry about any additional annual or hidden fees. When you apply for this card, you will get a sign-up bonus offer.

Bottom Line:

Hopefully, this writing will help you choose the correct cards for you! Sometimes choosing the best credit cards for seniors can be very stressful, confusing, and challenging. There are plenty of options out there with attractive offers and facilities.

But you need to be wise while choosing the credit card for you. It would be best to choose one according to your usage and criteria.