Retirees, Reward Yourself With a Cash Back Card

During the holiday season, you're likely to spend more than usual, buying presents for family and friends, paying for travel, and eating out at restaurants. But in the midst of all that merriment, keep in mind that you can also leverage your credit card to pay yourself back for some of that spending and soften the holiday financial hit.

Cash back credit cards can be used. Shop for cards that specifically offer rewards for shopping in the fourth quarter of the year, for example, and you could get as much as 5% back on your gift purchases, he says, citing the Chase Freedom Visa and Discover It cash back cards.