Parenting is tough – we can all agree on that. Being a single mom comes with its unique set of challenges, and navigating the financial waters is no small feat. Fortunately, we've got your back with our rundown of the best credit cards for single moms. With various rewards programs and perks, these credit cards can make your life a little easier and more financially rewarding. Plus, who doesn't love a little extra cash saved every month?
Best Credit Cards For Single Moms Table of Contents
1. Chase Sapphire Preferred*
One of the most popular travel rewards cards on the market, the Chase Sapphire Preferred offers a generous sign-up bonus and rewards points for every dollar you spend. With no annual fee for the first year, you also get to save up a bit.
- Sign-up bonus: Earn 60,000 bonus points after spending $4,000 within the first three months.
- Travel rewards: 2 points per dollar spent on travel and dining, and 1 point per dollar spent on all other purchases.
- Other perks: No foreign transaction fees and travel insurance for trip cancellations or delays.
2. Blue Cash Preferred® Card from American Express*
If you're looking for some extra cash back on everyday expenses, look no further than the Blue Cash Preferred Card from American Express. It offers a high cashback rate on groceries, gas, and streaming services – perfect for a busy single mom.
- Welcome offer: Earn a $300 statement credit after spending $3,000 within the first six months of membership.
- Cashback rates: 6% back at U.S. supermarkets (up to $6,000/year), 3% back at U.S. gas stations and transit, and 1% back on all other purchases.
- Family-friendly perks: Access to free two-day shipping with Amazon Prime through the Amazon Shop with Points program.
3. Citi® Double Cash Card*
Straightforward and hassle-free, the Citi Double Cash Card offers 2% cash back on all purchases – 1% cash back when you buy, and another 1% when you pay your bill.
- No cap on cash back: You can earn unlimited cash back on all your purchases, no matter the category.
- Intro APR: Enjoy a 0% APR on balance transfers for 18 months.
- No annual fee: Keep your hard-earned cash where it belongs – in your pocket!
4. Discover it® Cash Back*
An excellent option for getting cash back on rotating categories, the Discover it Cash Back Card comes with a unique first-year cash back match, making your earnings even more valuable.
- Cashback match: Discover will automatically match all the cash back you’ve earned at the end of your first year.
- Rotating categories: Earn 5% cash back on everyday purchases at different places each quarter (up to $1,500/quarter).
- No annual fee: Save money without cutting back on rewards.
Best Credit Cards For Single Moms Example:
Jane, a single mom of two, decides to apply for the Blue Cash Preferred Card from American Express to help her manage her day-to-day expenses. Over the course of a year, she spends $6,000 on groceries earning an impressive $360 cash back. Additionally, she spends $2,000 on gas, earning $60 cash back, and $4,000 on other purchases, earning $40 cash back. With her $300 welcome offer included, Jane enjoys a total saving of $760 in her first year with the card.
There you have it - the best credit cards for single moms looking for a financial helping hand. Keep in mind that these are just a few options, and it's crucial to compare cards thoroughly based on your lifestyle, spending habits, and financial goals. Before making any decisions, make sure to read the fine print and consider factors such as fees, interest rates, and rewards programs.
Flik Eco is here to help you make the most informed financial decisions, so don't hesitate to explore our other guides and share this article with friends in need of some credit card advice. Till next time, happy saving!
