SYS-CON MEDIA Authors: Kevin Benedict, Rich Waidmann, Pat Romanski, Michael Jannery, Javier Paniza

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
Entuity®, a provider of enterprise-class network management solutions, today announced that it solidifies its position as a market leader through global enterprise customer acquisitions and a refined channel strategy. In 2014, Entuity increased new license revenues in EMEA by over 75 percent, and LATAM by over 125 percent as customers embraced Entuity for its highly automated solution and unified architecture. Entuity’s refined channel strategy focuses on even deeper strategic alignment with ke...
The 3rd International Internet of @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that its Call for Papers is now open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
We are all here because we are sold on the transformative promise of The Cloud. But what good is all of this ephemeral, on-demand infrastructure if your usage doesn't actually improve the agility and speed of your business? How must Operations adapt in order to avoid stifling your Cloud initiative? In his session at DevOps Summit, Damon Edwards, co-founder and managing partner of the DTO Solutions, will highlight the successful organizational, process, and tooling patterns of high-performing c...
Technology is enabling a new approach to collecting and using data. This approach, commonly referred to as the "Internet of Things" (IoT), enables businesses to use real-time data from all sorts of things including machines, devices and sensors to make better decisions, improve customer service, and lower the risk in the creation of new revenue opportunities. In his General Session at Internet of @ThingsExpo, Dave Wagstaff, Vice President and Chief Architect at BSQUARE Corporation, discuss the ...
“We help people build clusters, in the classical sense of the cluster. We help people put a full stack on top of every single one of those machines. We do the full bare metal install," explained Greg Bruno, Vice President of Engineering and co-founder of StackIQ, in this SYS-CON.tv interview at 15th Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
At 15th Cloud Expo, Shrikant Pattathil, Executive Vice President at Harbinger Systems, demos a video delivery platform that helps you do interactive videos. He discusses how Harbinger is accomplishing it in the cloud world, the problems they faced and the choices they made to get around these problems.
"People are a lot more knowledgeable about APIs now. There are two types of people who work with APIs - IT people who want to use APIs for something internal and the product managers who want to do something outside APIs for people to connect to them," explained Roberto Medrano, Executive Vice President at SOA Software, in this SYS-CON.tv interview at Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
AppDynamics, the application intelligence leader for software-defined businesses, announced the general availability of the AppDynamics Fall '14 Release. Serving the combined needs of IT and business teams across the enterprise, the latest release provides a comprehensive view across all aspects of digital performance in ultra large scale deployments. AppDynamics delivers Application Intelligence by building out advanced capabilities across the key areas of analytics, unified monitoring and D...
CloudBees, Inc., has announced a $23.5 million financing round, led by longtime CloudBees investor Lightspeed Venture Partners. Existing investors Matrix Partners, Verizon Ventures and Blue Cloud Ventures also participated in the round. The latest funding announcement follows earlier rounds of $4 million, $10.5 million and $10.8 million, bringing the total investment in CloudBees to just under $50 million since the company’s inception in 2010. Previous venture investment rounds were led by Ma...
In this Women in Technology Power Panel at 15th Cloud Expo, moderated by Anne Plese, Senior Consultant, Cloud Product Marketing at Verizon Enterprise, Esmeralda Swartz, CMO at MetraTech; Evelyn de Souza, Data Privacy and Compliance Strategy Leader at Cisco Systems; Seema Jethani, Director of Product Management at Basho Technologies; Victoria Livschitz, CEO of Qubell Inc.; Anne Hungate, Senior Director of Software Quality at DIRECTV, discussed what path they took to find their spot within the tec...
We’re no longer looking to the future for the IoT wave. It’s no longer a distant dream but a reality that has arrived. It’s now time to make sure the industry is in alignment to meet the IoT growing pains – cooperate and collaborate as well as innovate. In his session at @ThingsExpo, Jim Hunter, Chief Scientist & Technology Evangelist at Greenwave Systems, will examine the key ingredients to IoT success and identify solutions to challenges the industry is facing. The deep industry expertise be...
The cloud is becoming the de-facto way for enterprises to leverage common infrastructure while innovating and one of the biggest obstacles facing public cloud computing is security. In his session at 15th Cloud Expo, Jeff Aliber, a global marketing executive at Verizon, discussed how the best place for web security is in the cloud. Benefits include: Functions as the first layer of defense Easy operation –CNAME change Implement an integrated solution Best architecture for addressing network-l...
DevOps Summit 2015 New York, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that it is now accepting Keynote Proposals. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development cycles that produce software that is obsolete...
The Industrial Internet revolution is now underway, enabled by connected machines and billions of devices that communicate and collaborate. The massive amounts of Big Data requiring real-time analysis is flooding legacy IT systems and giving way to cloud environments that can handle the unpredictable workloads. Yet many barriers remain until we can fully realize the opportunities and benefits from the convergence of machines and devices with Big Data and the cloud, including interoperability, ...
Wearable devices have come of age. The primary applications of wearables so far have been "the Quantified Self" or the tracking of one's fitness and health status. We propose the evolution of wearables into social and emotional communication devices. Our BE(tm) sensor uses light to visualize the skin conductance response. Our sensors are very inexpensive and can be massively distributed to audiences or groups of any size, in order to gauge reactions to performances, video, or any kind of present...