When senior citizens think about credit cards, they still look at them with a certain amount of distrust, and shudder at the thought of credit card misuse or sneaky back-end fees. However, a well-chosen credit card can become a great financial tool, even for senior citizens.

Rising annual fees and excessive statement credits have led to some fatigue in the premium credit-card market — but consumer demand persists.

The new Citi Strata Elite is a very attractive travel credit card, even with its $595 annual fee, but its drawbacks might be discouraging.