BabyCenter MasterCard
Like the Savingforcollege credit card, the BabyCenter MasterCard allows earned rewards to be directed to the savings account of your choice: - "a 529 college savings plan, a mutual fund, or a money market account". Although the main pitch is to direct rewards towards college savings, it's made clear that earnings can be used for "anything else you'd like to save for." Rewards are earned at the standard 1% with no annual cap. Baby Center also has an associated Baby Center Savings Program that is a clone of the BabyMint program.
| Basic Rebate: 1% of Eligible Purchases | Maximum Yearly Rebate: None |
| Other Rebates: None | Grace Period: 25 Days |
| Annual Fee: None | APR (Purchases): 9.9% |
| 529 Plans: Not Limited to 529 Plans | Minimum Rebate Transfer: $25 |
| Transfer Frequency: Monthly | Cash Withdrawals Permitted?: Yes |
| Can Others Direct Contributions?: Yes | Issuer: MBNA |
Summary: Very similar to Savingforcollege card. There are better college rewards cards, but if additional flexibility is important you may want to consider this card.