One-time bonuses
Nothing compares to the initial bonus opportunity that comes with a new credit card. Many times, applicants that have good credit or even an excellent one might get approved for some credit cards that will offer bonuses as big as $150 or even more, in exchange for spending a certain amount of money (it can be anywhere from $500 to several thousands of dollars) in the first months you opened the account.
Other cards will entice applicants with bonus reward points or miles, that can be easily redeemed for travel, gift cards, or checks. However, on another note, a standard debit card that comes along with a bank checking account won’t offer any initial bonus or ongoing opportunity to earn rewards.
Very helpful, but I may talk face-to-face with my banker to clarify what’s best for me as a senior.
I agree with the credit card usage advice this article provided except with the use of a VISA credit card. I am a senior citizen that used my Nordstrom’s VISA credit card for Pauley’s Movers in Baltimore, MD. When I complained about the overcharges and services of the movers, Nordstrom agreed with my complaint and directed me on properly filing my complaint to VISA. VISA declined all the evidence I provided. I would not recommend VISA to anyone. I am no longer a VISA customer. Unfortunately, I found out too late many other negative reviews online about this moving company and, I’m extremely disappointed in VISA response and actions.
J
Those are really helpful tips that I already knew and instill in my children.