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The Best Credit Cards For The Easiest Time Caring For Your Aging Parents
Caregiving for an aging parent can be extremely stressful. I’m here to tell you about a way that you can make the whole process a bit easier.
I’ve been caring for my mother for several years, and I’ve been using the Chase Sapphire Preferred card from Chase Bank to do it. Here’s why:
It’s basically a rewards credit card. It gives me points every time I use it. I get 2x points on travel expenses, and 1x points on everything else. These points can be redeemed for gift cards, or, if you’re willing to wait, they can be used to purchase plane tickets at reduced rates, or even free hotel rooms!
It’s accepted almost everywhere! And that makes it so much easier for me to care for my mom’s needs when she has them.
You get $100 dollars in travel statement credit when you sign up and spend $4,000 in the first 3 months of having the card. This is great because it gives me an incentive to use the card more often than I normally would have, which means I rack up even more points!
I know that caring for an aging parent is stressful enough as it is.
The Best Credit Cards For The Easiest Time Caring For Your Aging Parents
Providing care for an aging parent has its challenges. Combined with the stress of caring for another person and not knowing when they’re going to need help, it is hard to stay on top of your own finances. There are a lot of expenses that you will be responsible for, which means being prepared with the right credit cards is important.
This article will talk about the best credit cards to use while caring for an elderly parent.
The Best Credit Card For Travel
One of the biggest expenses you may have while caring for your aging parents is travel. You may have to travel in order to visit them, or you may have to bring them with you for doctor’s appointments or other healthcare related reasons.
If this is something you plan on doing frequently, then a credit card that rewards you for travel spending will be useful. The Barclaycard Arrival Plus World Elite MasterCard is great because it gives you 2 miles per dollar spent on all purchases, and there are no foreign transaction fees. The card also comes with a signup bonus, which is 40,000 miles when you spend $3,000 within the first three months of having the account. These 40,000 miles are
More than 40 million Americans care for their aging parents, according to the National Alliance for Caregiving. And as the population of seniors rises, more will be searching for credit cards that can help manage the challenges.
“The best credit cards for caring for an aging parent are those that will provide the most flexibility and utility,” said Matt Schulz, chief industry analyst at CompareCards.com.
Credit cards provide purchasing power, but they can also be a useful tool when it comes to paying bills and tracking expenses. Here are four options to consider:
PayPal Prepaid Mastercard: The PayPal Prepaid Mastercard is one of the few prepaid cards that allows direct deposit of paychecks two days early, which is a major perk if you need cash as soon as possible. There is no minimum balance requirement and no monthly fee until you load $500 or more in a single month. And you can use money on your card to shop online anywhere PayPal is accepted without having to link a bank account or credit card to your PayPal account. You can also use it at ATMs and make purchases at stores that accept debit cards.
Amazon Prime Rewards Visa Signature Card: One of the best new rewards credit cards this year is great for someone who does a lot of
It’s an unfortunate reality that most of us will one day be responsible for caring for our aging parents. While this is a major life decision, we are also making financial decisions, too. We may need to pay for medication and medical visits, help with rent or a mortgage, or even consider helping with funeral costs. Each of these circumstances requires us to make a lot of hard choices, but there are some easy ones.
Choosing the right credit card can make a big difference in the amount of money we have to spend on care, while also helping us save time and avoiding getting stressed out.
This article is based on years of experience helping older adults in their homes. In my work as an occupational therapist, I’ve met hundreds of people in their 70s and 80s who are eager to remain independent even as they face serious health issues.
The best credit cards for older adults must be easy to use, offer good customer service, and provide fraud protection. This guide will walk you through the most important considerations when choosing a card for your aging parents.
When your parents enter their senior years, they may start to need a little more help with their finances. Here are some credit cards that can help your parents if they need a little extra assistance.
Citi Simplicity Card – 21-Month 0% Intro APR on Balance Transfers
Citi Simplicity Card – 21-Month 0% Intro APR on Balance Transfers
If your elderly parent needs help managing day-to-day expenses, the Citi Simplicity Card might be the best choice for them. This card offers a 0% APR for 21 months on balance transfers made within 4 months of account opening, and there is no balance transfer fee. Following the introductory period, the regular APR will be 15.74%-25.74% based on creditworthiness. There is also a 0% introductory APR for 12 months for purchases made within 4 months of account opening, and the regular APR for purchases after the introductory period will be 15.74%-25.74%. The card has no annual fee, no late fees and no penalty rate (APR).
Capital One Platinum Credit Card
Capital One Platinum Credit Card
The Capital One Platinum Credit Card is another good option if you want to give your elderly parent a credit card that they can use while