Best Credit Card for Parent and Families

Best Credit Card for Parent and Families.

 

There is increase in spending once you have a family and it requires you to spend more and more recurrently, therefore understanding your spending’s will make you know the credit card to pick that will attract bonuses. Then there is need also to pick a credit card when you know you can pay in other to avoid unnecessary debt which will even over shadow the bonuses and benefits attach to the credit card because most parents may like to consider cards that will earn them cash back.
Credit cards can help you manage your cash flow, give you added purchase protection and of course the rewards, but you must be able to pay back fully at the end of every month. Once you become a parent, where you spend your money changes overnight drastically, and this is because you have a lot of more and more responsibilities of the kids to take care of together with your own plans too. Your travel expenses will as well increases even though your reward might as well increase also.

Some Favorite Credit Card for Parents includes:

1. American Express Gold Card.
This card is suitable for those families who like traveling and at the same time love food, the card offers 4 times point per dollar on dining and 3 times point on flight booked at airline or amextravle.com, this points can add up more quickly depending on your spending habit.
This card comes with an initial airline credit upto a $100 for incidentals. And this card gives you upto $10 back per month at Seamless, Grub hub and some other restaurants too that are partners. All this benefits and rewards help to offset $250 annual fee attach to the credit card. This is a very good card for travelers

2. Capital one Venture
This is best for easy travle redemption, because it have some very good travle focused benefits which includes, travel accident insurance, rental collision damage waiver, and many more. It is unlimited 2 times venture miles per hour on every purchase and also 10 times miles when paid and booked through hotel.com. There is a charge of $95 yearly. Comparing partner availability is always better than the cost of using your point with purchase eraser in other to select the most suitable absolution for each of the trip.

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3. Citi Double Cash
This card is best for simple cash back and this is because it gives you 1 percent cash back on every purchase with another 1 percent when you pay up your bills making it 2 percent in all with no limits on every purchase anywhere you go. How ever this card is a bit lighter on it benefit which is usual with no annual fee card but the 2 percent is still preety good enough.

4.Chase Sapphire Reserve
This card is meant for luxury travle and it have a high annual deposit of $450 and it comes with an initial $300 credit of the first $300 in travle purchases in the year. Meaning only 150 dollars will be effective if you have spend the money on travle flight and hotel expenses. How ever, it have lot of good benefits, it offering 3 times point per dollar on travle and restaurant all over the world which still exclude $300 travle credit and 1 times point at any other places. It still offers extensive purchases, travle protection and it is very suitable for all luxury and expensive travels all over the world

5. Capital One Savor Cash Rewards Credit Card
Unlike the American Express Gold card, the cash back is obtainable mainly for those who love food and entertaiments included.
It offers an unlimited 4 percent cash back on majorly restaurant and some sort of entertainment purchases, 2 percent for grocery store and for other places just 1 percent.
It charges $95 annual fee waiving the first year. Some of other benefits that are attatch to this card includes; complementary concierge service, travels accident insurance and an automatic extended warranty.

Sources:

1. The 5 Best Credit Card for Parents, According to a Father of Two
https://www.pulse.ng/bi/finance/the-5-best-credit-cards-for-parents-according-to-a-father-of-2/nw95xq7

2. Best Credit Card for families 2019: New, Young or Single Parents

Best Credit Cards for Families: Parents, Young Parents and Single Parents

Image Credit: creditcardsoffersonlne.com

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