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Amex SimplyCash
Annual fee: $0
Welcome offer: Receive a $10 statement credit for every monthly billing cycle during which you make purchases totaling $300 or more (as much as a complete of $100).
Card details
| Interest charges | 21.99% on purchases, 21.99% on money advances |
| Required income | Not specified |
| Credit Score | 725 or higher |
Best cashback card for seniors
At a look: If you do not mind paying an annual fee, you’ll be able to increase your money back earnings while also receiving quite a lot of extras and perks. For $120 per 12 months, the Scotiabank Momentum Visa Infinite offers attractive earning rates on groceries and recurring bills, in addition to transportation (public transit and gas). It’s easy to redeem, and the fee is even waived for the primary 12 months.
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Scotiabank Momentum Visa Infinite
Annual fee: 120$
Welcome offer: Get 10% money back on all purchases for the primary 3 months (as much as $2,000 in total purchases). No annual fee for the primary 12 months, including for extra cards. Offer ends October 31, 2024.
Card details
| Interest charges | 20.99% on purchases, 22.99% on money advances, 22.99% on balance transfers |
| Required income | Personal income of $60,000 or household income of $100,000 |
| Credit Score | 725 or higher |
Best bank card for travel insurance for seniors
At a look: Many bank cards don’t offer travel insurance to cardholders over 65. However, with National Bank World Elite, seniors are covered for as much as 15 days of out-of-province travel, as much as age 76.
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National Bank World Elite Mastercard
Annual fee: 150$
Welcome offer: Do not currently receive a welcome bonus.
Card details
| Interest charges | 20.99% on purchases, 22.49% on money advances, 22.49% on balance transfers |
| Required income | Personal income of $80,000 or household income of $150,000 |
| Credit Score | 760 or higher |
| Point value | 1 point is price $0.01 when redeemed with the National Bank A La Carte Rewards Plan. |
Best Drugstore Credit Card for Seniors
At a look: If your pharmacy is Shoppers Drug Mart/Pharmaprix, there isn’t any higher card than the PC Financial World Elite Mastercard (and for those who shop elsewhere, this card might persuade you to change pharmacies). PC Optimum is one of the hassle-free loyalty programs available on the market, with easy redemptions on the register at a rate of $10 for 10,000 points and many ways to earn points – all with a no-fee card.
PC Financial World Elite
Annual fee: $0
Welcome offer:
Card details
| Interest charges | 21.99% on purchases, 22.97% on money advances (21.97% for residents of Quebec), 22.97% on balance transfers |
| Required income | Personal income of $80,000 or household income of $150,000 |
| Credit Score | 560 or higher |
| Point value | 10 PC Points = $0.01 at Loblaws grocery network and Shoppers Drug Mart. |
Per
- Those who repeatedly shop at Loblaws, Shoppers Drug Mart and Esso can actually collect PC Optimum points without paying an annual fee.
- Includes emergency travel medical insurance as much as $1 million and a loss/damage waiver for rental automobile damage.
- World Elite Mastercard advantages corresponding to Travel Pass, Travel Rewards and Priceless are included.
- The PC Optimum program is straightforward to make use of and allows for seamless earnings and redemptions.
Disadvantages
- For those that shop at stores outside the Loblaws ecosystem, this card is subpar.
- The included insurance is below average for a premium card. Travelers, especially those over 65, might want to purchase additional insurance coverage.
- The $80,000 personal income requirement (or $150,000 household requirement) excludes some applicants, who may apply for a lower-tier PC Financial Mastercard but can even receive fewer rewards.
- You must spend at the least $15,000 annually in your card to maintain it, otherwise you shall be downgraded to a lower-tier PC Financial card.
Best bank card for seniors on a budget
At a look: Earn Walmart Rewards Dollars at a rate of 1.25% on Walmart purchases in-store or online and 1% in every single place else. Each Walmart Rewards Dollar is price $1 toward the whole lot you purchase at Walmart, and also you only need a minimum of 5 Walmart Rewards Dollars to redeem.
Walmart Rewards Mastercard
Annual fee: $0
Welcome offer: There is currently no welcome offer for this card.
Card details
| Interest charges | 19.89% on purchases and 22.97% on money advances |
| Required income | 12,000 US dollars |
| Credit Score | 660 or higher |
Other best bank cards in Canada:
