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According to a study on senior spending, many older Americans prioritize budgeting for everyday expenses like medical care and gas. Finding the right financial tool, such as understanding what is the best AARP credit card for seniors, can significantly boost cash back on these vital purchases.
With two different co-branded credit cards offered through Barclays, AARP has options for a variety of consumers. So, is an AARP credit card worth it? The answer largely depends on your spending habits, since the cards offer distinct bonus categories for earning cash back.
According to the National Bureau of Economic Research, nearly 80% of individuals aged 55 and older have at least one credit card. An AARP Mastercard offers targeted cash-back rewards, a $0 annual fee, and a valuable introductory balance transfer offer, making it an attractive option for many seniors and others.
Recent information from the card issuer confirms that the foreign transaction fee on an AARP Mastercard is determined by the specific card version you hold. This is a crucial distinction for travelers and those making purchases from international merchants, as fees can vary significantly. Find out exactly where your AARP Mastercard stands on foreign transaction fees before your next trip.
