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The Best Credit cards For Retirees

The Best Credit cards For Retirees

These 3 credit cards offer premium insurance suitable for young retirees.

Here is a table summarizing the different offers. For more details, read on or click on the name of a card.

National Bank World Elite Mastercard®

The National Bank’s World Elite Mastercard® is the best credit card from NBC.

For a limited time, you can get a $300 cashback after $4,000 spending in the first three months. And no annual fee the first year (a $150 saving)!

You can earn up to 2 points per dollar in Card purchases, including at Costco.

Besides, you get up to $250 in travel credits per calendar year:

  • Airport parking: $100
  • Baggage fees: $100
  • Seat selection: $50

The National Bank’s World Elite Mastercard® is a credit card to keep, year after year, for several reasons:

  • it has one of the best travel and purchases credit card insurance on the market
  • up to $250 travel credit per year
  • Unlimited access to the National Bank Lounge at Montreal-Trudeau airport

Scotiabank Passport™ Visa Infinite* Card

With the Scotiabank Passport™ Visa Infinite* Card, you get 20,000 points after only $1,000 in card purchases ($200 value).

And every year, if you charge at least $40,000 in purchases to your card, you’ll get a 10,000 annual bonus ($100 value).

With the Scotiabank Passport™ Visa Infinite* Card,you get 2 points per dollar you spend on:

You can redeem your points on travel purchases (flights, hotels, all-inclusive and even Airbnb).

The Scotiabank Passport™ Visa Infinite* Card also offers:

HSBC World Elite® Mastercard®

The HSBC World Elite® Mastercard® is a great credit card with no foreign transaction fees, especially for travel purchases.

Finally, with the HSBC World Elite® Mastercard® you get:

  • $100 annual travel credit (for airport lounges, for example)
  • Unlimited access to Boingo WiFi hotspots around the world
  • 10% discount for hotel bookings on Expedia or Agoda
  • Premium insurance for your travels and purchases

Finally, the HSBC World Elite® Mastercard® does not charge any conversion fees for foreign exchange transactions: you save 2.5% for each transaction.

And it’s one of the best credit cards for Costco, earning 3 points per dollar there.

You earn:

  • 6 points per dollar for travel purchases (flights, hotels, Airbnb, all-inclusive, etc.)
  • 3 points per dollar for all other purchases

You can apply your points on any travel purchase charged to your HSBC World Elite® Mastercard® (flights, hotels, Airbnb, all-inclusive, etc.).

But you can also transfer your points to three airline loyalty programs: British Airways Executive Club, Asia Miles and Singapore Airlines Krisflyer.

Other great offers

Frequent Asked Questions about credit cards

Here are frequently asked questions in the milesopedia community about credit cards in Canada.