What Are The Best Credit Building Cards For Families?

What Are The Best Credit Building Cards For Families?

If you find yourself with a new and growing family, it is a good bet that you will need credit cards that grow into this role alongside your newfound expenses and responsibilities.

Such credit cards understand your new family’s needs and provide significant rewards for purchases like school supplies, diapers, and family getaways. We look at five of the most family friendly credit cards next, as recommended by Credit Karma.

Best Family Card for Cash Back

Parents would struggle to outperform the Blue Cash Preferred Card by American Express. It offers six percent cash back on all American supermarket purchases. You get this incredible cash back rate for your first $6,000 in annual purchases and then a one percent base rate on everything after. 

Best Credit Card for New Parents

The Citi Double Cash Card is a lifesaver for new parents. It eliminates the need for tracking cash back expenditures and categories as well as having to activate cash back programs. This flat rate cash back card is no frills and no nonsense. Besides this, it provides you with an impressive two percent cash back on all purchases, significantly better than most competitors’ 1.5 percent cash back rate.

Best Credit Card for Family Travel

Chase Sapphire Reserve is a great card for families who travel. It does flexibility extraordinarily well. The card starts with a yearly $300 travel credit for any qualifying travel purchases you charge. You also receive three points for each one dollar you spend in the restaurant and travel categories in the U.S. and abroad. All other category purchases earn you one for one rewards points for every dollar you spend.  

Best Credit Card for College Savings

Upromise is the name brand in the college bound savings plans. Its Upromise MasterCard makes it easy to save for the future, with 1.25 percent in cash back for each dollar spent on any purchases. If you link up your Upromise Program account to a 529 college savings plan that is eligible, you also receive a 15 percent bonus on all earned cash back. This helps you to allocate a more serious amount of money to your children’s college savings.

Thanks to this linking bonus, you are looking at roughly 1.44 percent cash back on all purchases you make. 

Best Credit Card for Online Shopping

Online shopping has its own best credit card category these days. Amazon Prime Rewards Visa Signature Card is just what the doctor ordered if you buy those constantly needed supplies for your growing children from the online retailing giant. 

All Amazon Prime members who are cardholders automatically receive an impressive five percent in cash back on each one dollar you spend with the Prime Rewards Visa Signature Card at either Amazon.com or Whole Foods Market.

Every dollar spent on gas stations, drug stores, and restaurants earns you two percent cash back. All other purchases get one percent cash back as a base rate. It adds up pretty fast.

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