Along with more sleep and fewer dirty diapers, new parents need a stellar credit card to help them rack up serious rewards on all baby-related purchases. The Nerds can help you find a great credit card that meets your spending and rewards needs as a new parent. Here are our top three picks.
Citi® Double Cash Card – 18 month BT offer: High cash-back rewards on every purchaseCiti® Double Cash Card – 18 month BT offer. It offers 1% cash back when you make purchases and another 1% back when you pay them off. You can redeem rewards starting at $25 for check, statement credit or gift cards.
The Citi® Double Cash Card – 18 month BT offer has an annual fee of $0 and offers an introductory APR of 0% on Balance Transfers for 18 months, and then the ongoing APR of 14.49% - 24.49% Variable APR.
Blue Cash Preferred® Card from American Express: Extra rewards on everyday purchasesBlue Cash Preferred® Card from American Express. It offers 6% cash back at supermarkets (up to $6,000 in spending per year — then 1%), 3% back at gas stations and department stores, and 1% back on everything else. Plus, there’s a killer sign-up bonus: $150 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months. Terms Apply.
The Blue Cash Preferred® Card from American Express has an annual fee of $95 and an introductory APR of 0% on Purchases and Balance Transfers for 12 months, and then the ongoing APR of 13.99% - 24.99% Variable APR.
Discover it® - Cashback Match™ and Chase Freedom®: 5% back on rotating categories
If you spend in line with the bonus categories, a 5% card may be the best option for your growing family. Enter the Discover it® - Cashback Match™ and Chase Freedom®.Discover it® - Cashback Match™ offers 5% cash back on rotating quarterly bonus categories (capped at $1,500 per quarter):
|DISCOVER BONUS CATEGORIES FOR 2017|
|Q1 (Jan. 1 – March 31)||Gas stations, ground transportation and wholesale clubs|
|Q2 (April 1 – June 30)||Home improvement stores and wholesale clubs|
|Q3 (July 1 – Sept. 30)||Restaurants|
|Q4 (Oct. 1 – Dec. 31)||Amazon.com and more (details to be announced)|
For all bonus category spending above $1,500 per quarter, you’ll receive 1% back. You’ll also get 1% rewards on any other purchases.
The Discover it® - Cashback Match™ has an annual fee of $0 and an introductory APR of 0% on Purchases and Balance Transfers for 14 months, and then the ongoing APR of 11.99% - 23.99% Variable APR.Chase Freedom® also offers 5% back on rotating quarterly bonus categories (up to $1,500 spent per quarter):
|Chase Freedom® bonus rewards categories for 2017|
|Q1 (Jan. 1 - March 31)||Gas stations and local commuter transportation (not including parking, tolls or Amtrak)|
|Q2 (April 1 - June 30)||Grocery stores and drugstores|
|Q3 (July 1 – Sept. 30)||Restaurants and movie theaters|
|Q4 (Oct. 1 – Dec. 31)||"Holiday" (details TBA)|
You’ll receive 1% rewards on all other spending. There’s also a sweet sign-up bonus: Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening.
The Chase Freedom® has an annual fee of $0 and a 0% on Purchases and Balance Transfers for 15 months, and then the ongoing APR of 15.99% - 24.74% Variable APR.
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