The Best Rewards Cards

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Boost College Savings

How it works: Save for your child's future education by shopping with BabyMint Platinum Visa. You can direct cash rebates into almost any state-sponsored 529 college savings plan, where money grows tax-deferred. Earn 1 percent back on every $1 spent but up to 30 percent back on qualifying purchases from BabyMint's retail partners, including grocery stores, pharmacies, and online retailers. (For a complete list of merchants, go to Babymint.com.)

Best for: Families who have young children. "With the benefit of time, it can be a nice supplement to your ongoing 529 investments," says Curtis Arnold, founder of the online business Cardratings.com.

Fine print: Not all 529 savings plans participate so make sure to look into it before you sign on.

Continued on page 4:  Make a Difference

 

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