Futuretrust 529 Credit Card
Filed Under 529 Reward Credit Cards · Tagged:
The Futuretrust 529 Credit Card is another basic 1% 529 rewards card. The card does share one important negative feature with The Education Plan card: you must have the credit card to benefit from the supplemental merchant rebates offered through Futuretrust network merchants - other credit cards cannot be used.
Other drawbacks of this card are the relatively short 20 day grace period and APR rates that are on the high side compared to the other 529 reward cards. Futuretrust APRs start at 12.74% and range as high as 16.74% depending on credit history.
| Basic Rebate: 1% of Eligible Purchases | Maximum Yearly Rebate: None |
| Other Rebates: None | Grace Period: 20 Days |
| Annual Fee: None | APR (Purchases): 12.74% - 16.74% |
| 529 Plans: Not Limited to 529 Plans | Minimum Rebate Transfer: $25 |
| Transfer Frequency: Monthly | Cash Withdrawals Permitted?: Yes |
| Can Others Direct Contributions?: Yes | Issuer: Juniper Bank |
Summary: Once again, there are several better options available when choosing a college rewards credit card. A special introductory rewards rate of 2% is offered for the first nine months - but only on the first $5,000 worth of purchases.