Credit cards: Top 4 tips for retirees

4. Leverage credit card sign-up bonuses

Matt York/AP/File
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.

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.

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Dear Reader,

About a year ago, I happened upon this statement about the Monitor in the Harvard Business Review – under the charming heading of “do things that don’t interest you”:

“Many things that end up” being meaningful, writes social scientist Joseph Grenny, “have come from conference workshops, articles, or online videos that began as a chore and ended with an insight. My work in Kenya, for example, was heavily influenced by a Christian Science Monitor article I had forced myself to read 10 years earlier. Sometimes, we call things ‘boring’ simply because they lie outside the box we are currently in.”

If you were to come up with a punchline to a joke about the Monitor, that would probably be it. We’re seen as being global, fair, insightful, and perhaps a bit too earnest. We’re the bran muffin of journalism.

But you know what? We change lives. And I’m going to argue that we change lives precisely because we force open that too-small box that most human beings think they live in.

The Monitor is a peculiar little publication that’s hard for the world to figure out. We’re run by a church, but we’re not only for church members and we’re not about converting people. We’re known as being fair even as the world becomes as polarized as at any time since the newspaper’s founding in 1908.

We have a mission beyond circulation, we want to bridge divides. We’re about kicking down the door of thought everywhere and saying, “You are bigger and more capable than you realize. And we can prove it.”

If you’re looking for bran muffin journalism, you can subscribe to the Monitor for $15. You’ll get the Monitor Weekly magazine, the Monitor Daily email, and unlimited access to CSMonitor.com.

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