Retirees in good financial standing are perfect candidates to open a rewards credit card and use the points and miles to plan adventures.
They have the free time to travel, and having good credit could allow them to get approved for some of the best cash-back and travel cards.
Our top picks for travel rewards cards that can help retirees travel include the Chase Sapphire Preferred Card and the Capital One® Venture® Rewards Credit Card.
personal finance coverage.
When you consider how most major credit card issuers market their cards these days, it’s easy to believe their prime market includes millennials, Gen Xers, and 50- and 60-somethings who are still working. After all, many credit card commercials feature young, seemingly high-income professionals in airport lounges or young families charging their groceries to a rewards credit card to earn cash back. It’s easy to believe card issuers are targeting people young enough to spend a lot on their cards — and maybe even those who are likely to rack up long-term debt.
But, you don’t have to be in your working years to get approved for a rewards credit card, nor do you have to be cash-strapped to benefit from one. In fact, there are a ton of reasons rewards credit cards are actually ideal for baby boomers and retirees who have already walked away from work.
If you’re older and wondering if a rewards credit card could help you travel more or earn free stuff, the answer is probably yes. Here are some of the reasons you should consider a rewards credit card for your everyday spending — along with some of our top picks for earning both cash back and travel rewards.
Keep in mind that we’re focusing on the rewards and perks that make …read more
Source:: Business Insider