The 7 Best Credit Cards to Use During Retirement: Spring 2014

Gerald Morales

By , Staff Writer
Posted on Fri May 16, 2014, Last Updated on Thu Jul 24, 2014

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Quicksilver Cash Rewards Credit Card

Quicksilver OneWant to earn cash back without having to keep track of a rewards program? The Capital One Quicksilver cash rewards credit card offers you an unlimited 1.5 percent cash back on all purchases you make. The beauty about this card is that there is currently no interest on purchases until Jan. 2015, as well as a one-time $100 bonus for spending $500 within the first three months of opening the card.

Card highlights (Updated 7/17/14):

  • No annual fee
  • 1.5% cash back on all purchases
  • 0% APR on purchases until May 2015 (12.9 - 22.9% variable APR, after)
  • 0% APR on balance transfers until May 2015 (12.9% - 22.9% variable APR, after)
  • $100 one-time bonus when $500 or more is spent on purchases within 3 months of opening the card.
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Ace Rewards Visa Card

Ace RewardsPowered by U.S. Bank, the Ace Rewards Visa card is perfect for retirement if you plan on doing any hobbies that involve housework. The card offers up to 10 percent rewards points in categories that change monthly, as well as points for every day use. Whenever you earn 12,500 points, you get a $25 Ace reward.

Card highlights:

  • No annual fee
  • 13.99% to 22.99% variable APR
  • Up to 10% in Ace rewards points in popular quarterly categories
  • Up to 5% in Ace rewards points at participating Ace stores
  • 2% in Ace rewards points at gas stations and grocery stores
  • 1% in Ace rewards points everywhere else Visa is accepted
  • $25 Ace reward for every 12,500 points earned
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Priceline Rewards Visa Card

Priceline RewardsThe Priceline Rewards Visa card is perfect if you plan on traveling regularly during your retirement. The card offers no interest on balance transfers and purchases for one whole year, you can also earn a bonus 5,000 points after your very first purchase. Each time you swipe your card you earn points that can be applied towards a flight, hotel, car rental, or essentially anything else that you could otherwise purchase with your credit card.

Card highlights:

  • No annual fee
  • 0% APR on purchases and balance transfers for 12 months
  • 5,000 points bonus after first purchase
  • 5,000 points bonus after spending $1,000 on qualifying purchases within the first 90 days of opening the card
  • 5x points in purchases made from Priceline.com
  • 1 point on all other purchases
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Capital One Venture Rewards Card

Capital-One-Venture-Rewards-Credit-Card-bigThe points and bonuses you earn with the Capital One Venture rewards card are too good to pass up. For instance, you can earn a one-time bonus of 20,000 miles to use for travel if you spend $2,000 within the first three months of opening the card. Earn a total of two miles for every one dollar your spend on any purchase. The miles you earn never expire.

Card highlights (Updated 7/17/14):

  • No fee first year of opening card, $59 annual fee every year after
  • 13.9% - 20.9% variable purchase and transfer APR
  • One-time 40,000 miles bonus when you spend $3,000 or more within first 3 months of opening the card.
  • Unlimited 2 miles per dollar spent on purchases.

 

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American Express Gold Card

americanexpressgold05241If you're financially set and good at managing your budget, the American Express gold card may be the perfect card for your pocket. There is no interest charged for the life of the card since your balance is paid in full every month. The benefit of using this card is that you get one point for every eligible dollar you spend. Points can be redeemed to use for travel, hotel, shopping, entertainment and more.

Card highlights:

  • $0 intro annual fee, $125 every year, after.
  • 1x point for every eligible dollar
  • No interest because your balance is paid in full each month
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AARP Visa Signature Card from Chase

Chase AARP VISA Signature Credit CardThe AARP Rewards Visa card from Chase is designed to reward you for spending. The card provides cash back on all of your purchases, unlimited rewards, and a variety of other benefits. Currently, there is a sign up bonus where you can earn an extra $100 cash back if you complete at least $500 in purchases within the first three months of opening your account.

Card highlights:

  • No annual fee
  • 3% cash back at restaurants and gas stations
  • 1% cash back on all other purchases
  • No rewards points limits or expiration
  • Bonus $100 cash back when $500 or more is spent within first 3 months of opening account
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Barclaycard Arrival World MasterCard

barclaycard arrival plus world elite mastercardOne of the best cards for frequent travelers, the Barclaycard Arrival World MasterCard provides you with points to redeem at all times. This card has no annual fee and allows you to easily rack up miles to apply towards flying anywhere in the world. There is also a bonus being offered right now that allows you to earn an additional 20,000 miles when you spend at least $1,000 on purchases within the first 90 days of creating your account.

Card highlights:

  • No annual fee
  • 20,000 bonus miles when $1,000 or more is spent within the first 90 days of opening the account
  • 2x miles on travel and dining
  • 1x miles on all other purchases
  • 10% miles back every time you redeem your travel statement credits
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