Seniors in Canada can benefit significantly from the right credit card, offering rewards suited to their lifestyle. Here are some of the best options for 2024.

Top Credit Cards for Canadian Seniors in 2024

• Scotiabank Platinum American Express
  • Annual Fee: $199
  • Rewards: 2x Scene+ points on groceries and restaurants
  • Benefits: Travel insurance, purchase protection
• TD Cash Back Visa Infinite Card
  • Annual Fee: $120
  • Rewards: 3% cash back on groceries, 2% on gas
  • Benefits: No foreign transaction fees, travel insurance
• RBC Avion Visa Infinite
  • Annual Fee: $120
  • Rewards: 1.25 RBC Rewards points per dollar spent
  • Benefits: Various travel perks, insurance coverage
• American Express Cobalt Card
  • Annual Fee: $155.88
  • Rewards: 5x points on restaurants and food delivery
  • Benefits: Mobile device insurance, flexible redemption options
• Capital One Platinum Mastercard
  • Annual Fee: $0
  • Rewards: 1% cash back on all purchases
  • Benefits: Instant credit decision, no foreign transaction fees
• MBNA Rewards World Elite Mastercard
  • Annual Fee: $120
  • Rewards: 2% on groceries
  • Benefits: Travel insurance, extended warranty

Comparison Table

Statistical Insights

• 73% of seniors prefer cash back options.
• 62% value travel insurance when choosing a card.
• 48% are interested in reward points for groceries.

Mind Map: Important Features for Seniors

• Affordability
  • Annual fees
  • Interest rates
• Rewards
  • Cash back
  • Points systems
• Benefits
  • Insurance coverage
  • Discounts and offers

Frequently Asked Questions

• What should seniors look for in a credit card? Look for low fees, high rewards on groceries, and travel-related benefits.
• Are there any cards designed specifically for seniors? While not specifically for seniors, many cards include features beneficial to them.
• What is the best cash back card? The TD Cash Back Visa Infinite is a top choice due to high cash back rates.