529 plan
College Fund Rewards Credit Card
Among the credit cards with rewards, there is one credit card that is tied to 529 plan. For families with children, this card appear to be no-brainer deal. Use this card instead of cash to pay all your purchases, the rewards will drop into your 529 college savings account.
The Citi Upromise Card offers a 1-percent rebate on general purchases, with an annual rebate cap of $300. When used at certain retail locations, however, the rebate is boosted to 2 percent (Exxon or Mobil stations) or 10 percent (grocery and drug stores) with no annual caps. The card can be linked to any of the 529 plans managed by Upromise Investments Inc. (New York’s college savings program being the largest).
Important Disclaimer: the credit cards information in this post were accurate as of the date of publishing, some or all of the card programs may be discontinued, their terms may be changed after wards.
