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Best Credit Cards for Families


Choosing a credit card is an important decision. The right card can provide your family with cash back, discounts, and other perks that can save you money. Even if you already have a credit card, it might be worth switching to one of the cards we mention below.

Citi® Double Cash Card

This card is best for parents who want to earn cash back on their purchases. You will get an unlimited 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. On top of that, the Citi® Double Cash Card – 18 month BT offer offers low interest rates. This card is consistent with a $0 annual fee and is something you and your family can rely on.

Chase Freedom Unlimited®

The Chase Freedom Unlimited® is another great option for families who want to earn cash back on their purchases. Earn an extra 1.5% on everything you buy (on up to $20,000 spent in the first year) — worth up to $300 cash back. But, that's not all. With this card earn an additional 5% cash back on travel purchased through Chase Ultimate Rewards®, 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 1.5% on all other purchases. If your family travels often to visit grandparents or frequently eats out, the Chase Freedom Unlimited®'s cash back offers could help out a lot. The annual fee for the Chase Freedom Unlimited® is $0.

Chase Sapphire Preferred® Card

If you've been looking for a credit card that can help your family earn points that are more flexible than cash back, the Chase Sapphire Preferred® Card might be right for you.

Receive two bonus points on every dollar of travel and dining purchases with this card and 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,000 when you redeem through Chase Ultimate Rewards®. Transfer your points to different airline and hotel programs, making it easier to book flights and reserve rooms with the best value. You won't have this kind of flexibility with cash back rewards. If there's a Chase Ultimate Rewards® point you don't want to use, save it. The points will not expire as long as your account is open. The annual fee is $95.

Blue Cash Preferred® Card from American Express

Gas and groceries are some of the biggest expenses for families. If you spend a lot of money on these items every month, the Blue Cash Preferred® Card from American Express can be a valuable card to have in your wallet.

Earn 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%). 6% Cash Back on select U.S. streaming subscriptions. 3% Cash Back on transit including taxis/rideshare, parking, tolls, trains, buses and more. 3% Cash Back at U.S. gas stations. 1% Cash Back on other purchases. You can also earn $300 back after you spend $3,000 in purchases on your new Card within the first 6 months The annual fee for the Blue Cash Preferred® Card from American Express is $0 introductory annual fee for one year, then $95.

Capital One SavorOne Cash Rewards Credit Card

If you've been looking for a card that will match your dining and entertainment needs with a $0 annual fee, the Capital One SavorOne Cash Rewards Credit Card might be perfect.

With this credit card, earn 3% Cash Back on dining, entertainment, popular streaming services and at grocery stores, 1% Cash Back on all other purchases. Earn 8% cash back on Capital One Entertainment purchases and tickets at Vivid Seats. Additionally, receive $200 Cash Back after you spend $500 on purchases within 3 months from account opening. Take your family to a night our and enjoy earning these top-tier cash rewards at the same time. You need an Excellent, Good Credit Score to qualify for this card.

Tips to Make the Most of Credit Cards for Families

You can do a few things to make the most of your credit card, especially if you have a large family. They include the following:

Create a Budget

Create a monthly budget for your spending by using an app, like Mint or My Budget Book. This will help ensure that you're not overspending on all of the different categories in which you can earn cash back or points with your new credit card. Creating this detailed plan will make it easy to maximize the rewards you receive from your credit card. Many families find that by creating a budget, they can increase their savings each month.

Pay attention to all of the different categories in which you will earn cash back with this new card, so it's easier to stay within your monthly spending limits without going over budget for any one category. In the end, you'll be able to spend less on everything from groceries and gas to dining out and entertainment with your new credit card without worrying about going over budget each month.

Take Advantage of Special Deals

You can also enjoy the different deals that many credit card companies offer if you use their cards for your purchases. For example, some banks may give you extra cash back at certain times throughout the year or on specific purchases. These could be things like online shopping portals during the holidays or additional cash back when you spend at your favorite retailers.

Do some research into the different deals that credit card companies offer, so you can benefit from these special offers without having to go out of your way for them.

This will help ensure you maximize all of the rewards and cash back opportunities with this new credit card.

Choose a Credit Card That Suits Your Family's Spending Needs

It's essential to choose a credit card that will work with your family's spending needs. For example, suppose you're going to be purchasing high-ticket items, like homes and cars, in the near future. In that case, it may make sense for you to get a low-interest rate credit card so you can take advantage of any promotional offers available while still being able to make your payments in full and on time each month.

On the other hand, if you don't expect to make any large purchases or balance transfers anytime soon, it could make more sense for you to get a card with better rewards rates to earn cash back faster.

By choosing a credit card that works best for your family spending needs, you'll be able to make the most of it and earn cash back faster.

Utilize Your Credit Card Benefits

In addition to your rewards, you should also take advantage of the different perks of having this new credit card. For example, many cards offer car rental insurance and extended warranty protection on certain purchases. You may even have access to a concierge service or travel assistance services. When you take advantage of these perks, you can save yourself time and money.

Remember that each credit card has different benefits associated with them, so make sure to read through your new card’s fine print before signing up for it. This will help ensure that you're getting all of the perks you need without having to worry about missing out on anything else. For example, if you're a frequent traveler, you may be able to save yourself money by using your new card at the airport.

Use Multiple Cards

Using multiple cards is another great way to maximize your rewards. For example, you can use one card for all of your regular purchases and then pick up another card that has better cash back rates on categories, like gas or groceries, to take advantage of the special deals available in these markets.

By using multiple cards, it will be easier for you to save money on everything you do. It will also be easier to avoid going over-budget on any one category, which will keep you from spending too much money on interest.

Maximize Your Rewards

You should also take the time to think about how you plan on using your new credit card. If you're someone who uses cash back or points regularly, then signing up for a card that offers this type of reward will help ensure that every purchase is worth it. For example, if there are specific stores where you regularly shop, then you should sign up for a card that offers bonus points or cash back at these establishments.

Remember that different cards offer different rewards, so it's important to do your research before applying for one of them. When you take the time to think about this in advance, it will be easier to maximize all of the benefits associated with using your new credit card.

Create Automatic Payments

You can also save money by setting up automatic payments on your new credit card. Making sure that you pay off the full balance each month will help ensure that you avoid incurring any interest charges, which can add up quickly if you're not careful.

By automatically paying off your balance in full every single month, it will be easier for you to maximize your new credit card without worrying about incurring any additional fees.

For example, if you're someone who tends to get busy and forget when it's time to pay off your monthly balance, then this is a great way to ensure that you're not late on any payments. This will also help ensure that you're not accruing additional interest, which could end up saving you a significant amount of money in the long run.

Pay in Full and On-Time

Finally, you should also remember that to take full advantage of the benefits associated with your new credit card, you need to pay it off in full and on time each month. Otherwise, you'll miss out on getting all of these different perks of using this card when trying to save money elsewhere. For example, if you decide to carry a balance, you'll end up paying interest each month, which will offset all of the rewards and cash back you receive.

Paying in full also ensures you're not wasting any of the benefits associated with your credit card. For example, if you don't pay on time each month and end up paying a late fee or interest charge, then it's like giving away some of the cash back that you've earned from using this new card to make purchases throughout the year.

In the end, whatever kind of family you have, there's a credit card out there for everyone. By maximizing these tips and taking advantage of all that comes with having this new credit card in 2022, it will be easy to save money on all of your favorite things.