February 1st, 2010
Review: Retirement Rewards Credit Cards
The next wave of rewards card programs is flooding the market, offering what’s termed “retirement rewards”. These rewards offer consumers the opportunity to turn points into cash to be invested in their retirement fund. The more familiar, traditional rewards programs of airline miles and cashback offers will have to move over for the innovative programs issuers have been rolling out to interest new customers and keep loyal ones: programs to donate to charities, pay off taxes, manage finances, and now, build up a nest egg.
As you are credit card shopping for retirement rewards, it’s crucial that you go beyond the following chart and make sure to read the fine print for each card and understand the fees and services before applying. Most of the following cards require no annual fee and some have no limit to how many points you can earn and redeem. Also, all cards, except for the NestEggz Visa, require that consumers have a retirement account at the participating financial company in order to redeem rewards for retirement dollars.
