Statistics reveal that the average middle-income family will spend around $12,000 on baby-related expenses in their newborn’s first year.
Do you have that kind of spare cash lying around? Are you thinking about getting a payday loan online or other personal loan in order to pay for these costs? Maybe you should think instead about a credit card.
You have enough to worry about as you prepare for your new arrival. Figuring out how to pay for the diapers, nursery decor, onesies, and blankets shouldn’t be one of them.
From cash back rewards to travel miles, there are myriad benefits to opening up a credit card account. Yet, with so many options on the market and so many competitors clamoring for your attention, how can new parents filter through the selection to find ones best credit card suited for their needs?
The answer lies in keeping it simple. You’re busy new parents. You don’t have time to jump through hoops, stand on your head and complete mountains of paperwork to get approved.
That’s why today, we’re sharing five easy to get credit cards that are just right for your growing family.
Ready to learn more? Put down that star-shaped mobile for a second and read on.
Why New Parents Need New Credit Cards
Put simply, you’re about to enter into one of the most intense periods of spending you’ve ever encountered up to this point.
Though there are minimalism parenting movements gaining speed, the reality is that your little one will require his or her fair share of food, clothes, toys and other gear.
Any time you undergo a major life change that impacts your finances, it’s a great time to take a second look at your existing credit cards. Are your plans set up to support a growing family or are the perks and benefits more focused on single-person spending?
You can’t expect to simply request a change to your current plan once you bring a child on board. That’s not how credit cards work.
Chances are, your rewards preference will change, as will the stores in which you spend the most time. As such, it’s important to make sure you’re getting as much return on your investment as possible.
As a rule of thumb, new parents should prioritize credit card options that highlight the following:
- Easy-to-navigate rewards systems
- Store-branded cards for places you frequent
- Low interest rates
- Low APR financing
- Lengthy introductory period to extend initial benefits
These five options are valuable and viable options as you prepare for this next stage of life.
1. American Express Blue Cash Preferred Card
The American Express Blue Cash Preferred Card is tops because its designed to cover two things that new parents will undoubtedly spend a ton of money on: food and gas.
After you rack up $1,000 on your new card in the first three months, you’ll receive a handy $200 statement credit.
Moreover, you’ll also receive 6% cash back on all supermarket purchases — making it perfect for those late-night runs to grab more formula, baby food and diapers. This rate is in effect for up to $6,000 per year in purchases and lowers to 1% after you cross that limit.
What does that mean for a new parent? Even if you only spend $50 a week at the grocery store, you’ll bank more than $150 at the end of the year. Considering that the average American family spends around $270 a week on groceries alone, these saving shouldn’t be difficult to rack up.
You can apply those cash back rewards in the form of gift cards, credits on your statement or other gifts.
One great way to apply these rewards is to save them and buy gift cards for your friends and family members around the holidays. Sure, they’re all expecting a framed picture of your new baby, but they wouldn’t turn away a free meal at their favorite spot, either!
More Card Benefits
Other perks of the American Express Blue Cash Preferred Card include 3% cash back on gas station purchases and 1% cash back on other buys.
For the first three months, the card offers a 0% intro APR on both purchases and balance transfers. This makes it ideal for those parents looking to budget and save as much as possible in those first few months.
With a $95 annual fee, this is one of the highest starter credit cards on our list, but the family-friendly savings it provides makes it worth the investment.
2. Amazon Rewards Visa Signature Card
Research shows that 64% of U.S. households have Amazon Prime. Yet, when you’re budgeting for your baby’s first year, the $119/year fee might not be manageable.
The good news is there’s hope for the remaining 36% of families who want to take advantage of Amazon’s wide inventory.
The Amazon Rewards Visa Signature Card is designed for web users who aren’t Prime members, and it’s worth signing up for.
Any parents who have ever scrambled to find a bottle of shampoo, new bouncy seat or Halloween costume at the last minute can attest to the fact that the platform can be a true lifesaver. Plus, the products are delivered to your doorstep, meaning you don’t have to put on real clothes and wrangle a car seat just to grab a few essentials.
This is why having a credit card linked to the website is perfect for new parents.
Cardholders can enjoy 3% cash back on their Amazon.com purchases, which they can also apply at Whole Foods. This is similar to the perks offered via the Amazon Prime Rewards Visa Signature card, which offers 5% cash back on Amazon.com and Whole Food purchases.
More Card Benefits
They’ll also receive 2% cash back when they spend money at the grocery store, gas station or drugstore, with 1% cash back on all other purchases.
The only catch? This particular card doesn’t include a 0% APR for balance transfers or purchases. That means, depending on your credit score, you could be looking at fees of up to 23.49%.
In addition to not requiring an annual fee, this credit card also offers one more incentive for prospective applicants: Once approved, you’ll receive a $50 Amazon gift card you can use immediately. Have you been coveting that pricey bouncy seat or nursery glider? That decision just got a little easier.
3. Citi Simplicity Card
This card is simple and its benefits are clearly defined. There are no annual fees, zero late fees, and a no-penalty APR.
In fact, the Citi Simplicity Card boasts a 0% APR on all purchases for one year, a perk that extends to 21 months for balance transfers. Of course, if the balance isn’t paid off before that date, the APR can jump to up to 26.24%, which is less than most bad credit loans, depending on cardholder creditworthiness.
This makes it a dream for budget-conscious new parents looking to save as much as possible when their baby comes. With its straightforward approach to financing, it also enables them to pay off existing debts and rebuild their credit in the meantime so they can enjoy financial freedom and flexibility.
Switching your current, high-interest credit card over to a Citi Simplicity Card can provide savings beyond the card itself. It can provide financial freedom and the flexibility parents need as they adjust to their new normal.
This particular card charges a 5% or $5 balance transfer fee, applying whichever amount is greater.
More Card Benefits
This credit card is equipped with a program known as City Price Rewind. This is a complimentary benefit that automatically scans your registered purchases to see if an item is available for cheaper elsewhere.
If one is found within 60 days of your original purchase date, Citi can credit your statement or issue you a check for the difference. The refund caps out at $500 per item and can’t reach more than $2,500 annually.
This means new parents can stand to save a significant amount via this program, which is a plus as you’ll likely have your hands too full to cost-compare like you used to!
4. Target REDcard Credit Card
There is a long-running joke that if you can’t find a new mother, she’s likely at Target, just walking through the aisles, sipping a latte and enjoying the ambiance.
Turns out, there’s a psychological reason why that red bullseye resonates so well with new parents. It’s convenient. It offers a sense of escape. It’s chocked full of visual appeal.
And with the news that the retail giant is unrolling a new strategy to woo both moms and dads alike, there’s never been a better time to get on board.
Thankfully, the Target REDcard makes it easier than ever to do just that.
As soon as you sign up, you’ll start earning 5% cash back with every purchase made at Target, both in-store and online. This applies to both markdown items and coupon purchases, as well. An additional perk is that cardholders also receive free shipping for online products.
While the variable APR is higher than most, coming in at 25.15%, and the interest rates (up to 20%) are similarly elevated, the card can be a great way to save money if you’re constantly hitting up the store week after week. Plus, there’s no annual fee to worry about.
Statistics show that Target and Amazon top the list as the two places most parents frequent when setting up their baby registries. There’s an undeniable pull to this place and saving money while there only makes sense.
5. Amex EveryDay Preferred Card from American Express
This card wasn’t added to the Amex lineup without cause. Rather, it was designed specifically to help new parents.
Its premise? On-the-go parents need perks that are simple and easy to keep up with. They don’t want to be burdened with variable bonus categories or tied down to shopping only at certain stores that will give them cash back or other rewards. In other words, they want benefits, but not with major strings attached.
This card seeks to meet that need. There are bonus categories that apply, but in addition to those, cardholders can also enjoy straightforward reward bonuses.
If you use your Amex EveryDay Preferred Card to make more than 30 transactions during a billing cycle, you’ll receive a 50% bonus on your rewards. While this might sound like a ton of swipes, it adds up quickly when you’re paying for every little newborn expense.
More Card Benefits
In addition to the abovementioned benefits, you’ll receive three times the points back when you shop at the supermarket (up to $6,000 annually), two times the points back at gas stations and one time the points back on all other purchases.
Want even more of a reason to look into this one? When you sign up as a new applicant and spend $2,000 on purchases within 90 days, you’ll also receive 30,000 bonus points. The annual fee comes in at $95 per year and the APR can reach 22.24% depending on the cardholder’s creditworthiness.
Learn More about Easy to Get Credit Cards
There is so much to consider when you’re preparing to bring your baby home. Between feeding schedules and family visits, wardrobe prepping and diaper bag packing, finding a credit card can easily get lost in the mix.
Whether you’re just starting out on your parenting journey or you’re seasoned pros at this point, these easy to get credit cards to make the process of buying for, saving for, and spoiling your brood as painless as possible.
Want more information on the best credit cards that fit your lifestyle?
That’s where we come in.
From the best rewards cards to the best student card, we’ve researched them all for you. This means less time doing the legwork and more time saved. We offer an honest, comprehensive analysis of the best options out there, with categories designed to meet every need.
After the baby comes, why not treat your little family to a little getaway? Check out our top-rated travel cards and hit the friendly skies! You deserve it. Here are some other articles you might find helpful:
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