The Top 9 Credit Cards for Seniors and Retirees

iStock.com/jacoblund

4. Costco Anywhere Visa® Card by Citi

Biggest Perk: Free to Costco Members

If you constantly find yourself at Costco’s warehouse looking for good deals, then the Costco Anywhere Visa® Card by Citi could be a great card for you. Not only is it free to those with a Costco Membership, it also offers good rates of cash back at Costco and other retailers.

The cash back percentages on this card include 4% back on purchases worth $7,000 at gas stations, including Costco. Then once, you’ve hit $7,000, you can expect to make 1% for the rest of the year. The card also offers 3% cash back on qualifying travel and restaurants, 2% at Costco and 1% on every other purchase you make.

However, the cash back is provided annually – that’s every February in the form of a credit card reward certificate. You can redeem the certificate for cash or merchandise at Costco, making this credit card perfect if Costco is your favorite store. For the first seven months, the interest rate is 0% APR, which will rise to 16.24%, once the initial period has finished.

5. The Platinum Card® from American Express

Biggest Perk: Access to 1,000 Airport Lounges, $550 Stay at Fine Hotels and Resorts

The Platinum Card® from American Express is perfect for seniors who love to travel in style. Nothing says luxury like fancy airport lounges and concierge service.

So, it’s only right that this credit card has some amazing travel benefits like access to 1,000 Airport lounges, $200 in Uber VIP rides every year, and $200 worth of credit from selected airlines. This card also offers free concierge service and $550 to spend at Fine Hotels and Resorts.

If you make good of all the perks this card has to offer, then the $550 annual fee is sure to pay for itself. This credit card doesn’t work on interest charges, you as should pay your balance back in full each month, but you will be charged up to $38 for late payments.