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Greatest no-fee card for seniors
SimplyCash Card from American Specific*
Simply since you’re not paying an annual charge doesn’t imply you shouldn’t get rewards. With the SimplyCash Card from American Specific you’ll earn a powerful 4% money again for the primary six months (as much as $200 in rewards) after which era you’ll get 1.5% again on all purchases no matter class with no restrict in your earnings. This implies no retaining monitor of your spending classes. Plus, you’ll be able to increase your rewards by referring your mates or household and obtain $100 for every approval as much as $1,500 yearly.
You’ll be able to relaxation simple realizing your card is issued by some of the established monetary firms on the planet, which implies nice customer support and an entire slate of options together with paper or paperless statements, a cell app and particular entry to occasions via American Specific Experiences. We’ve chosen the SimplyCash Card from American Specific as probably the greatest bank cards for seniors due to the simplicity of the earn program, the above-average base charge and the power to speed up earnings—all for no annual charge.
- Welcome provide: Get a welcome bonus of 4% money again within the first 6 months (as much as $200 money again)
- Earn charge: Earn 1.25% money again on all purchases no matter buy class (after the welcome bonus ends). Plus, no restrict on the amount of money again you’ll be able to earn; get $100 money again for every accredited referral as much as a most annual referral bonus of $1,500
- Revenue requirement: None
- Extra advantages: Entry to digital occasions and particular gives with American Specific Experiences
Get extra particulars about SimplyCash from American Specific*
Greatest money again card for seniors
Scotiabank Momentum Visa Infinite*
When you don’t thoughts paying an annual charge, you’ll be able to max out your money again earnings and get a bunch of extras and perks as well. For $120 yearly, the Scotiabank Momentum Visa Infinite gives 4% money again on groceries and recurring payments, like utilities and streaming companies. You’ll get 2% again in your transportation, both public transit or fuel, and 1% money again on all different purchases. Plus, their promotional provide will get you a 10% money again charge for the primary three months (as much as $200 in rewards). And the annual charge is waived the primary yr. This card additionally comes with a stable journey insurance coverage bundle that features rental automobile protection, safety to your cell system and entry to Visa Infinite Providers, that are your ticket to premium leisure and occasions. One caveat is the annual earnings requirement (see under), so it might not be accessible for all (try the cardboard above).
Scotiabank is likely one of the Massive 5 banks, so you’ll be able to entry your account or buyer companies assist on-line or in individual. When you’re searching for a money again card with extras (say, perks for visiting wine nation), the Scotiabank Momentum Visa Infinite is likely one of the greatest bank card for seniors.
- Annual charge: $120 (waived first yr)
- Welcome provide: Earn 10% money again on all purchases as much as $2,000 for the primary three months. Should apply earlier than November 21, 2021.
- Earn charge: 4% again on groceries and recurring payments; 2% again on public transit and fuel; 1% money again on all different purchases
- Revenue requirement: $60,000 per particular person or $100,000 per family yearly
- Extra perks: Complete journey insurance coverage together with emergency medical, journey accident, journey cancellation or delay, delayed or misplaced baggage and rental automobile loss or harm; new cell system insurance coverage; Visa Infinite Providers together with concierge and Visa Infinite Eating and Wine Nation program
Get extra particulars in regards to the Scotia Momentum Visa Infinite*
Greatest low-interest bank card for seniors
MBNA True Line Gold Mastercard*
Giant or sudden purchases don’t need to be stressors if you’ve received a low-interest bank card in your pocket. For these on a hard and fast earnings or who’re anticipating carrying an impressive steadiness, the MBNA True Line Gold Mastercard could be a actual lifesaver. This card’s buy and steadiness switch rate of interest is 8.99%, lower than half of the everyday 20% levied by many playing cards, which implies that you’ll cut back your curiosity expenses considerably whilst you repay your debt. As a low-interest card the MBNA True Line Gold Mastercard doesn’t include many perks, but it surely’s completely serviceable as a secondary card to make use of for giant purchases or whilst you’re paying down debt. The enticing charge and low annual charge of solely $39 make this our greatest low-interest bank card for seniors.
- Annual charge: $39
- Welcome provide: N/A
- Rate of interest: 8.99% on purchases and steadiness transfers
- Revenue requirement: None specified
- Extra advantages: Financial savings with Avis and Funds automobile leases; safety in opposition to fraudulent expenses; buy safety and prolonged guarantee
NOTE: This provide is just not out there for residents of Quebec