Is your family always on the lookout for the best credit cards to maximize rewards, cash back, and savings? Look no further! Our Flik Eco team has your back with this ultimate guide to the best credit cards for families. Whether you're a budget-conscious parent or just love getting the most out of your everyday purchases, we've got some awesome options for you to consider. Ready to dive in? Let's explore the top credit cards that every family should have in their wallet!
Best Credit Cards For Family Table of Contents
1. The All-Rounder: Chase Sapphire Preferred Card
2. The Cash Back King: Blue Cash Preferred Card from American Express
1. The All-Rounder: Chase Sapphire Preferred Card
Why We Love It:
- Generous signup bonus
- Flexible rewards program
- No foreign transaction fees
- Travel and purchase protection
Main Benefits:
- 2x points on travel and dining, 1x points on all other purchases
- 25% more value when redeeming points for travel through Chase Ultimate Rewards
- 1:1 point transfer to leading airline and hotel loyalty programs
The Chase Sapphire Preferred Card is a fantastic option for families who love to travel, dine out, and earn flexible rewards that can be redeemed for various purposes, including flights, hotels, and even cashback.
2. The Cash Back King: Blue Cash Preferred Card from American Express
Why We Love It:
- High cash back on everyday purchases
- Introductory bonus
- 0% intro APR for purchases and balance transfers
Main Benefits:
- 6% cash back at U.S. supermarkets (on up to $6,000 per year, then 1%)
- 6% cash back on select U.S. streaming subscriptions
- 3% cash back at U.S. gas stations and on transit
- 1% cash back on other purchases
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For families that spend a lot on groceries, gas, and streaming subscriptions, the Blue Cash Preferred Card from American Express offers the most generous cash back rates in these categories.
3. The Budget Booster: Citi Double Cash Card
Why We Love It:
- Simple cash back structure
- No annual fee
- 0% intro APR on balance transfers
Main Benefits:
- 1% cash back on all purchases
- Additional 1% cash back as you pay off the balance
The Citi Double Cash Card is perfect for families who just want a no-fuss cash back card without worrying about categories, caps, or rotating rewards. With its flat 2% cash back rate, you can be sure to make the most out of your everyday spending.
Best Credit Cards For Family Example:
Meet the Johnsons – a family of four with two working parents who love to make their money work for them. Dad loves to cook and shops for groceries every week, Mom commutes to work taking public transit, and they both have a habit of streaming movies and TV shows on weekends.
They decided to get the Blue Cash Preferred Card from American Express, which has allowed them to rake in cash back on their grocery shopping, Mom's transit expenses, and their streaming subscriptions. With the 6% cash back at supermarkets and on streaming subscriptions, plus 3% on transit, they've managed to save a significant amount on their everyday expenses.
And, to make their family vacations more rewarding, they also got the Chase Sapphire Preferred Card. Now they earn 2x points on their regular family dinners out and any travel expenses, giving them more value when redeeming points for their annual family vacation. These credit cards have not only been useful for their daily expenses but have also made their family trips even more memorable.
There you have it, folks! The top credit cards for families that offer standout rewards and benefits. Consider your spending habits, preferred rewards system, and potential savings when choosing the best credit card for your family from our list. And, of course, always be responsible with your credit usage to ensure you stay on track with your financial goals.
If you found this guide helpful, don't forget to share the article with friends and family! Also, be sure to explore the other helpful guides on Flik Eco for more personal finance, banking, and investing tips catered to your millennial lifestyle.
