We don't have anything open for LO yet and a coworker mentioned this. Any updsides or downsides to this? Or recommendations on another route for 529 savings that is sort of hassle free? We don't have a lot of extra in the budget right now due to debt repayment (my own student loans, for one) to make a big monthly deposit, but I was thinking this could be a start and we can add to it as we're able.
Post by dietdrpepper on Jul 24, 2014 11:08:55 GMT -5
I don't know anything about the 529 one, but We use the Fidelity Investment rewards Amex and love it! 2% back on all purchases and once you get to $50 worth of points you can deposit into a fidelity account (we save up our points then deposit into H's IRA once a year). The typical Amex offers though don't seem to work with this one. No fees, no foreign transaction fees.
An easy way to save a little is to use upromise. It works the same way as ebates. It is not a lot, but every little bit helps.
If you shop online a lot, it really adds up if you get their credit card. You get an extra 5% on top of whatever discount they're already offering for clicking through their portal, plus other lower discounts for other usage. I've only had the card for about 3-4 weeks but it's a great deal.
I also got the Fidelity Amex at the same time and have started using that as my primary offline shopping card. I called and you don't get the Amex offers through this one, but the 2% back is a great deal.
I never considered the card. But that actually sounds like it could be a good deal. I am going to look into this.