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. [Read more]
BabyCenter MasterCard
Filed Under 529 Reward Credit Cards · Tagged:
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. [Read more]