Credit cards for seniors
Many credit cards accept applications from Canadian retirees and seniors. Compare your options here.
Comparing of 5 credit cards for seniors
On website
Neo Credit Card
Balance transfer
N/A
Purchase rate
From 19.99% p.a. ongoing
Interest-free days
N/A
Annual fee
$0.00 p.a. ongoing
Highlights
- Earn up to 15% cashback on your first purchase at participating partners.
- Earn enormous bonuses — like 15% cashback — on your first purchase at most partners. Plus an average 5% cashback at Neo partners.
- Boost your cashback by choosing a flexible, monthly rewards plan.
- No annual fee.
Bank promo
Pros
Cons
On website
SimplyCash Card from American Express
Balance transfer
N/A
Purchase rate
21.99% p.a. ongoing
Interest-free days
N/A
Annual fee
$0.00 p.a. ongoing
Highlights
- Earn a bonus 5% cashback on all purchases (up to $2,000 in spending) and receive up to $100 in Statement Credits within the first 3 months of Cardmembership. Terms and Conditions apply.
- Earn 2% cashback on gas and grocery.
- Earn 1.25% cashback on other eligible transactions.
Pros
Cons
Scotia Momentum Visa Infinite Card
Balance transfer
N/A
Purchase rate
20.99% p.a. ongoing
Interest-free days
N/A
Annual fee
$0.00 for 1st year
Highlights
- Earn 10% cashback on all purchases for the first 3 months (up to $2,000 in total purchases).
- No annual fee for the first year, including supplementary cards ($120 and $50 p.a. respectively thereafter).
- Earn cashback on groceries, recurring payments, gas, and everything else.
Pros
Cons
MBNA True Line Gold Mastercard
Balance transfer
N/A
Purchase rate
8.99% p.a. ongoing
Interest-free days
N/A
Annual fee
$39.00 p.a. ongoing
Highlights
- Take advantage of the 8.99% standard interest rate on purchases and balance transfers. Terms and Conditions apply.
- Add up to 9 additional cardholders at no extra cost.
- Low annual fee of $39.
Walmart Rewards Mastercard
Balance transfer
N/A
Purchase rate
19.89% p.a. ongoing
Interest-free days
N/A
Annual fee
$0.00 p.a. ongoing
Highlights
- No annual fee.
- Earn 1.25% cashback when you shop at Walmart.
- Earn 1% cashback on gas and all other purchases.
