Welcome!

News Feed Item

The Top Credit Cards for Retirees, Announced by CreditCardChaser.com

NEW YORK, NY -- (Marketwired) -- 07/18/14 -- Being a retiree might mean more time to do the things people enjoy doing, but for most, it means living on a fixed income and adhering to strict budgetary guidelines. Unless they have a business interest that continues paying them during retirement or some other form of retirement income, there is no additional income coming in other than from retirement accounts and Social Security. Fixed incomes make it critically important for seniors to have access to affordable credit for the unexpected costs that arise.

The three top credit cards for seniors as determined by CreditCardChaser.com are:

Discover it chrome

One of the newer credit cards offered to U.S. consumers also is one of the best for the nation's retirees. The Discover it chrome card offers excellent cash-back programs for senior citizens and others while also providing excellent lending rates and forgiveness of missed payments. Cardholders can earn up to 2 percent back in cash on as much as $1,000 in charges on various revolving consumer categories. Whether using the card to pay for a restaurant meal or fill up the car's gas tank, the card will provide $2 back for each $100 in charges made in those consumer categories. All others purchases are good for a 1 percent cash back bonus.

The Discover it chrome is an excellent card for retirees to use for emergency expenses, such as unexpected car repairs or sudden medical emergencies. New cardholders have up to 14 months to pay off the balance with no interest charged, including on balance transfers as well as purchases. After the initial 14 months, the card charges interest rates ranging from about 11 percent to 23 percent, depending on credit scores. Monthly credit card statements also provide a free consumer credit score for cardholders, making the Discover it chrome one of the best credit cards for retirees and other consumers.

Citi Simplicity

Another top credit card for senior citizens gives them and other consumers up to 18 months to pay down balances with 0 percent interest on purchases and balance transfers from other credit cards. After the initial introductory period and its 0 percent interest rate is over, the card generally charges a modest 15.99 percent interest rate. The Citi Simplicity card also protects against credit card theft and fraud with zero liability for unauthorized charges. That means seniors won't have to be as concerned about their credit cards being snatched by unscrupulous people who might otherwise take advantage of them, such as house cleaners, in-home caregivers and others who have greater access to valuables and credit cards owned by retirees.

One of the greatest advantages of the Citi Simplicity card is its "Price Rewind" program that allows retirees and others to register the purchases they make with their credit cards and will search retailer websites for up to 30 days to locate a better deal. If a selling price that is at least $25 lower is found elsewhere, the Citi Simplicity card will reduce the amount of the charge to reflect the lower price. That means retirees don't have to worry about shopping for the best deal. They can just let Citi Simplicity do it for them.

Barclaycard Rewards MasterCard - Average Credit

Not everyone can have great credit scores, especially if they are faced with fixed incomes and recently unexpected expenses that had negative impacts on their credit scores. Fortunately, the Barclaycard Rewards MasterCard - Average Credit offers a good credit card for those with less-than-stellar credit. There is no annual fee, and cardholders can build up bonus points for use on various promotional items. The card provides two bonus points for every dollar spent on gas and groceries and one bonus point but does have a 24.99 percent annual rate on balances.

About CreditCardChaser.com

CreditCardChaser provides a free services for consumers looking to find the best credit cards for their needs. The site helps consumers to narrow their options and make informed decisions on the best credit cards for them through information content and by using the site's fully secure online credit card-finding tool.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
In his general session at 18th Cloud Expo, Lee Atchison, Principal Cloud Architect and Advocate at New Relic, discussed cloud as a ‘better data center’ and how it adds new capacity (faster) and improves application availability (redundancy). The cloud is a ‘Dynamic Tool for Dynamic Apps’ and resource allocation is an integral part of your application architecture, so use only the resources you need and allocate /de-allocate resources on the fly.
Your business relies on your applications and your employees to stay in business. Whether you develop apps or manage business critical apps that help fuel your business, what happens when users experience sluggish performance? You and all technical teams across the organization – application, network, operations, among others, as well as, those outside the organization, like ISPs and third-party providers – are called in to solve the problem.
Information technology is an industry that has always experienced change, and the dramatic change sweeping across the industry today could not be truthfully described as the first time we've seen such widespread change impacting customer investments. However, the rate of the change, and the potential outcomes from today's digital transformation has the distinct potential to separate the industry into two camps: Organizations that see the change coming, embrace it, and successful leverage it; and...
SYS-CON Events announced today that Roundee / LinearHub will exhibit at the WebRTC Summit at @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. LinearHub provides Roundee Service, a smart platform for enterprise video conferencing with enhanced features such as automatic recording and transcription service. Slack users can integrate Roundee to their team via Slack’s App Directory, and '/roundee' command lets your video conference ...
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, wh...
Digital transformation is too big and important for our future success to not understand the rules that apply to it. The first three rules for winning in this age of hyper-digital transformation are: Advantages in speed, analytics and operational tempos must be captured by implementing an optimized information logistics system (OILS) Real-time operational tempos (IT, people and business processes) must be achieved Businesses that can "analyze data and act and with speed" will dominate those t...
The Jevons Paradox suggests that when technological advances increase efficiency of a resource, it results in an overall increase in consumption. Writing on the increased use of coal as a result of technological improvements, 19th-century economist William Stanley Jevons found that these improvements led to the development of new ways to utilize coal. In his session at 19th Cloud Expo, Mark Thiele, Chief Strategy Officer for Apcera, will compare the Jevons Paradox to modern-day enterprise IT, e...
There are several IoTs: the Industrial Internet, Consumer Wearables, Wearables and Healthcare, Supply Chains, and the movement toward Smart Grids, Cities, Regions, and Nations. There are competing communications standards every step of the way, a bewildering array of sensors and devices, and an entire world of competing data analytics platforms. To some this appears to be chaos. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, Bradley Holt, Developer Advocate a...
More and more companies are looking to microservices as an architectural pattern for breaking apart applications into more manageable pieces so that agile teams can deliver new features quicker and more effectively. What this pattern has done more than anything to date is spark organizational transformations, setting the foundation for future application development. In practice, however, there are a number of considerations to make that go beyond simply “build, ship, and run,” which changes ho...
SYS-CON Events announced today the Kubernetes and Google Container Engine Workshop, being held November 3, 2016, in conjunction with @DevOpsSummit at 19th Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA. This workshop led by Sebastian Scheele introduces participants to Kubernetes and Google Container Engine (GKE). Through a combination of instructor-led presentations, demonstrations, and hands-on labs, students learn the key concepts and practices for deploying and maintainin...
Without a clear strategy for cost control and an architecture designed with cloud services in mind, costs and operational performance can quickly get out of control. To avoid multiple architectural redesigns requires extensive thought and planning. Boundary (now part of BMC) launched a new public-facing multi-tenant high resolution monitoring service on Amazon AWS two years ago, facing challenges and learning best practices in the early days of the new service. In his session at 19th Cloud Exp...
There is growing need for data-driven applications and the need for digital platforms to build these apps. In his session at 19th Cloud Expo, Muddu Sudhakar, VP and GM of Security & IoT at Splunk, will cover different PaaS solutions and Big Data platforms that are available to build applications. In addition, AI and machine learning are creating new requirements that developers need in the building of next-gen apps. The next-generation digital platforms have some of the past platform needs a...
SYS-CON Events announced today that Bsquare has been named “Silver Sponsor” of SYS-CON's @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. For more than two decades, Bsquare has helped its customers extract business value from a broad array of physical assets by making them intelligent, connecting them, and using the data they generate to optimize business processes.
SYS-CON Events announced today that ReadyTalk, a leading provider of online conferencing and webinar services, has been named Vendor Presentation Sponsor at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. ReadyTalk delivers audio and web conferencing services that inspire collaboration and enable the Future of Work for today’s increasingly digital and mobile workforce. By combining intuitive, innovative tec...
Cognitive Computing is becoming the foundation for a new generation of solutions that have the potential to transform business. Unlike traditional approaches to building solutions, a cognitive computing approach allows the data to help determine the way applications are designed. This contrasts with conventional software development that begins with defining logic based on the current way a business operates. In her session at 18th Cloud Expo, Judith S. Hurwitz, President and CEO of Hurwitz & ...