Fisher-Price College Savings Mastercard®

Our review of the Fisher-Price College Savings Mastercard®

Are you looking for a credit card that can help you boost your college savings? Look no further than the Fisher-Price College Savings Mastercard®. This no annual fee, co-branded rewards credit card offers up to 2% cash back on all eligible purchases, with no rewards cap. But what sets this card apart is its unique feature of allowing you to apply your rewards directly to an eligible 529 plan, helping you save for your child’s education expenses.

Earn Up to 2% Back

While the rewards may not seem groundbreaking at first glance, the Fisher-Price College Savings Mastercard® offers up to 2% cash back on all eligible purchases. This is on par with some of the best rewards credit cards on the market. What makes this card stand out is the ability to deposit your cash back earnings directly into a 529 education savings plan, making it a valuable tool for parents looking to supercharge their child’s educational funds.

Saving for College Is a Breeze

The Fisher-Price College Savings Mastercard® works in conjunction with existing 529 education savings plans, allowing you to easily save for your child’s education expenses. With a 529 plan, you can withdraw funds tax-free to cover a wide range of college expenses, from tuition to school supplies. And with the ability for friends and family to contribute to the account, saving for college has never been easier.

College Savings Comparison

While the Fisher-Price College Savings Mastercard® may be the first of its kind, it’s not the only credit card that offers enhanced rewards for college savings. The Upromise® Mastercard® from Barclays also allows you to earn additional rewards when linking your Upromise Program account to an eligible College Savings Plan. Here’s how the two cards compare:

• Fisher-Price College Savings Mastercard: 2% rewards when redeeming to 529 plans, 1% base rewards
• Upromise® Mastercard®: 1.529% rewards when redeeming to 529 plans, 1.25% base rewards

Other Card Features

In addition to its unique rewards structure, the Fisher-Price College Savings Mastercard® offers a competitive variable APR on purchases and comes with Mastercard protections such as Zero Liability Protection and ID Theft Protection. While the card does not offer balance transfers, it’s clear that the focus is on helping you save for college, not on carrying a balance.

Should You Apply for the Fisher-Price College Savings Mastercard®?

If you’re serious about saving for your child’s education, the Fisher-Price College Savings Mastercard® is worth considering. With its generous rewards structure and the ability to deposit cash back directly into a 529 plan, this card provides exceptional value for anyone looking to fund their child’s educational future. Plus, with the potential to earn an extra $1,200 per year for every $5,000 spent on the card, the savings can really add up. Apply for the Fisher-Price College Savings Mastercard® today and start supercharging your college savings.