Generally, getting senior credit cards can be a somewhat complicated process. It is because financial institutions consider these loans a high-risk business for various reasons.
Fortunately, some institutions consider other factors and grant their loans to senior citizens. For these banks, factors such as credit history and good financial solvency are more important than age
You can apply online for 10 senior credit cards
Currently, It exists several senior credit cards. They offer different advantages to their holders. Next, we will show you 10 options, hoping that this information will be useful to you.
American Express Blue Cash Preferred
We start our list with this option offered by American Express which has several very interesting grants for the elderly. It offers 6% rebates on food purchases and streaming service subscription payments.
In addition, it returns 3% of transportation expenses including taxis, shared trips, parking, tolls, trains, buses, and gasoline. If you are interested in this card, you can request it on their site web.
Citi DoubleCash Card
It is another card designed for the older that rewards its users with 2 types of refunds. Firstly, they will have 1% cash back with no limit at the time of making your acquisitions.
Furthermore, every time they pay the card, they will receive a 1% refund if they pay at least the corresponding minimum fee. To apply for Citi DoubleCash Card, you just must click on this link.
Chase Freedom Unlimited
It has a simple but effective rewards system for seniors. It bases on 1.5% cash back on all acquisitions made with the card.
The rewards have no limits, and it similarly gives a bonus of $150 if the users spend at least $500 in the first trimester. Another of its advantages is that it does not have an annual fee; you can apply for one of these cards here.
AARP Essential Rewards
This is one of the main senior credit cards in the world, as it was made exclusively for them. AARP Essential Rewards gives 3% reimbursement for gasoline and prescription purchases and 2% for medical costs.
Plus, it returns 1% of purchases and if you use it at a restaurant, 10 cents donate to AARP. To apply for this card, you can do it on their site web.
Chase Sapphire Preferred
If you are a person who travels regularly, this is the best credit card for you. The Chase Sapphire Preferred has a very attractive rewards system based on points that earn with purchases.
These points can be used on airlines, hotels, and restaurants or transferred to other loyalty programs. If you are interested, you can request this interesting credit card here.
Capital One Venture Rewards
This credit card for seniors is also ideal for those who travel constantly, as it rewards their purchases with traveler miles. It offers 2 miles for every dollar you spend and if you spend $3,000, a bonus of 50,000 miles.
Besides, foreign transactions are free of charge, and you will earn 10 times more miles on hotel reservations. If you want to request this card, you can do it on their site web.
Fidelity Rewards Visa Signature Card
It is an outstanding option for those who are thinking of paying for their children’s education. The card allows cardholders to deposit their earned rewards into their retirement account.
It has no annual fee and gives unlimited 2% cash back on every eligible purchase. On their website, you can find more information and apply for one of these cards.
Wells Fargo ActiveCash
Wells Fargo Active Cash is another card that relies on cash back to reward cardholders. Currently, it offers 2% cash back on unlimited purchases and 0% interest for the first 15 months.
The rewards obtained can be withdrawn at ATMs, redeemed for purchases, deposited into your account, or converted into gift cards. To apply for one of these cards, you can visit their website.
Target Redcard
The Target Redcard is a credit card for seniors that offers a great benefit to its users. When you use it at Target and Target.com, you will receive 5% off all your purchases immediately.
If you want to request this card, you just must visit their website and fill out the corresponding form.
Discover It Cash Back
This card has a very useful reward system for seniors based on cash back. The card offers 1% cash back on purchases plus another 5% in categories that change every three months.
In addition, in the first year, these rewards double, returning 2% and 10% respectively to their holders. If you want to have it, you can apply for one of these cards on their website.
SIMMONS VISA
SIMMONS VISA is probably the least known, but it has an advantage that the other cards on this list do not offer. Its main benefit is that it has a very low-interest rate, in addition to not having maintenance fees.
If you want to know more about this card and apply for it, you can do it from its website.
The benefit of credit cards for seniors
Whichever option you choose, having a senior credit card is a great advantage. Before deciding on one of them, we recommend comparing several options so that you find the ideal card for you.
After all, a credit card is a liability, so you should take this matter lightly.
