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 15.49% - 25.49% 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 U.S. supermarkets (up to $6,000 in spending per year — then 1%), 3% back at U.S. gas stations and select U.S. department stores, and 1% back on everything else. Plus, there’s a good welcome bonus: $200 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.
Discover it® Cash Back 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® Cash Back and Chase Freedom®.Discover it® Cash Back offers 5% cash back on rotating quarterly bonus categories (capped at $1,500 per quarter):
|Discover bonus categories||2018||2019|
|Q1 (Jan. 1 – March 31)||Gas stations and wholesale clubs||Grocery stores|
|Q2 (April 1 – June 30)||Grocery stores||Gas stations, Uber and Lyft|
|Q3 (July 1 – Sept. 30)||Restaurants||Resaurants|
|Q4 (Oct. 1 – Dec. 31)||Amazon.com and wholesale clubs||Amazon.com|
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® Cash Back 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 13.99% - 24.99% 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 2018|
|Q1 2018 (Jan. 1 - March 31)||• Gas stations.
• Internet, cable and phone service.
• Purchases via Chase Pay, Apple Pay, Android Pay and Samsung Pay.
|Q2 2018 (April 1 - June 30)||• Grocery stores.
• PayPal, for online, mobile or in-app purchases.
• Chase Pay, for online, mobile or in-app. purchases
|Q3 2018 (July 1 – Sept. 30)||• Gas stations.
|Q4 2018 (Oct. 1 – Dec. 31)||• Chase Pay.
• Wholesale clubs.
• Department stores.
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 16.99% - 25.74% Variable APR.