Best Credit Cards for Parents

creditcardsparentsIf you are a parent, you most likely look for ways to save money every time you leave your home. Having children has a sneaky way of making your money disappear a bit quicker than it did before. There are several credit cards available at the moment that have benefits available to people with children. Here is a list of some of the best credit cards for parents.

Chase Disney Card

This credit card has been in existence for about a decade. Each one-hundred dollars that you charge will earn you a point. These points accumulate over time and can be used in exchange for Disney merchandise. This includes money off a Disney vacation. You can use your points to buy your park passes, as money off of your hotel or for souveniors. The Chase Disney Card is a winner if you are a Disney family.

Blue Cash Preferred

The Blue Cash Preferred card by American Express gives cash back at a high return rate. This card boasts a 6% cash back bonus for all purchases made at grocery stores, 3% cash back for gasoline and department store purchases, and 1% cash back for everything else. The card holds a $75 annual fee, but you will obtain a $150 credit to your account for the first $1000 that you charge.

waltdisneymouseCapital One Cash Rewards

The Capital One Cash Rewards card will give you a flat rate of 1% cash back on all purchases you make using the card. There is no annual fee and it is a favorite for families that have no set spending pattern. If you pay your bill on time for an entire year, Capital One will give you half of the amount you had obtained in cash back during the year, giving you a 1.5% cash back rate overall, annually.

Amazon Rewards Visa

If you have smaller children or a new baby in the household, you might be doing more online shopping than you did before you had children. With the convenience of home-delivery, many parents shop online for their low in-bulk prices on products they need over and over to take care of their children’s needs. The Amazon Rewards Visa will give customers a one-time $30 gift card toward their Amazon purchases when applying for the card. Afterward, enjoy 3% cash back on all Amazon purchases, 2% on all gas station, restaurant and drug store purchases and 1% cash back on everything else.

youthbaseballChase Freedom

The Chase Freedom card will offer 5% cash back opportunities at different retailers every three months. The stores and restaurants will switch, but the savings amount stays the same. Any additional purchases will have a 1% cash back return. If you enjoy trying new places to shop or eat with your children, this card may be right up your alley. There is a $100 bonus after you spend your first $500 within three months of opening the account. You will also enjoy a $25 bonus if you add an additional cardholder within the first three months of opening the account.

Fidelity Investments 529 College Rewards American Express Card

The Fidelity Investments 529 College Rewards American Express Card is one of the best cards around for saving money for your child for later use at school. Instead of earning cash back points, the money is placed into an account for your child through Fidelity Investments. The money is tax deferred and will be able to be used when your child is of college-age. This is an excellent way to earn money for college without making deposits.