There are many rewards credit cards that offer various benefits and perks. Among them are the investment credit cards, one of the elements of the undiscovered segment of the credit card market. These cards are similar to cash back reward cards. Investment credit cards are widely popular among college students and their parents, as they enable savings for college fees and other college expenses. Apart from this, people use investment credit cards to save for retirement. Like cash back rewards cards, you get back some percentage, usually 1 or 2 percent, by using these cards. The difference is, instead of getting hard cash, you have the option of directly transferring that money into your retirement account.
Save for retirement with the best credit card
Such credit cards are very helpful for people who want to save for retirement. And, if you are one of them, then take a look at the best credit card, which can help you to save for your retirement period.
- Fidelity Investment Rewards American Express Card
Offered by American Express, this card enables you to earn 2 percent cash back on all purchases. The money can be deposited into one account or divided among two or more Fidelity, brokerage, 529, IRA, retirement, or cash management accounts. Your family members can also share your Fidelity account with their own Fidelity cards and save for retirement. If you directly want to deposit your money and get point redemptions in your retirement account, then you must provide your account number when you apply for this card. Unlimited rewards, 24 hours customer service, purchase protection, no annual charges, travel and emergency aid with damage insurance and car rental loss are some of the other perks of the Fidelity Investment Rewards American Express card.
- Fidelity Investment Rewards Visa Signature Card
The Fidelity Investment Rewards Visa Signature card gets you 1.5 points per dollar on your first purchases worth $15000 within a year. Thereafter, you will earn 2 points on every dollar spent on purchases. You can deposit your cash back rewards in your Fidelity, 529, retirement, cash management, or brokerage account. Additionally, you can convert every 5000 points into a $50 deposit in your retirement account. Use this card for everyday purchases and monthly bills, including utilities, membership fees, and phone bills, to maximize your reward points.
You can even try the best cash back credit card to save for retirement.
- Citi Double Cash Card
This is a good card for seniors who want to save for retirement. The Citi Double Cash card offers 2 percent cash back on all purchases. You get 1 percent cash back at the time of purchase and an additional 1 percent is awarded when you pay your credit bill. This card enables prompt credit payments and enhances fiscal responsibility, thus helping both the credit card user as well as the issuer. There is no annual fee on this card.