MyAwesomeCard.COM » 529 plan http://www.myawesomecard.com/blog Review and Comparison of Investment Ideas and Personal Finance Products Mon, 28 Jun 2010 21:10:44 +0000 http://wordpress.org/?v=2.9 en hourly 1 College Fund Rewards Credit Card http://www.myawesomecard.com/blog/48-college-fund-rewards-credit-card http://www.myawesomecard.com/blog/48-college-fund-rewards-credit-card#comments Sun, 15 Jun 2008 23:21:43 +0000 brady http://www.myawesomecard.com/blog/2008/06/15/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).

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