Subscribe

Credit cards: Top 4 tips for retirees

4. Leverage credit card sign-up bonuses

  • close
    In this 2008 file photo, a US Airways jet takes off as an American Airlines jet is prepped for takeoff at Sky Harbor International Airport in Phoenix. By signing up for credit cards that offer bonus airline miles, you can save thousands of dollars in travel expenses.
    View Caption
  • About video ads
    View Caption
of

Signing up for a few airline miles credit cards throughout the year could save you thousands in travel expenses. In fact, some card offers are currently offering more than $500 in free travel for simply signing up and making a single purchase. And if you’re not into traveling anymore, don’t worry. There are always great cash-back deals to be found as well.

If you’re willing to follow some basic credit card rules, such as always paying your monthly balances on time and in full, taking advantage of lucrative sign-up bonuses can be the greatest monetary reward for those who continue to maintain excellent FICO scores in retirement.

– Joshua Heckathorn is president of Creditnet.com, an online resource for consumers to educate themselves about credit, compare the best credit card offers, and apply securely online.

4 of 4
Share this story:

Read Comments

View reader comments | Comment on this story
 
 
Make a Difference
Inspired? Here are some ways to make a difference on this issue.
FREE Newsletters
Get the Monitor stories you care about delivered to your inbox.
 

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK