Fund Your Child’s 529 with Credit Card Rewards

With this Upromise MasterCard, you can spend money to earn cash back rewards that can be sent to a qualified 529 Plan for your child’s college fund.

Can buying toilet paper and Starbuck’s pay for your child’s college? Why yes! It can … well, sort of. Here’s how you do it …

Discover the Upromise 529 Mastercard. Here’s a quick article on using a credit card to passively add value to your child’s college fund.

Cardmembers will earn 1.529% cash back rewards if linked to an eligible College Savings Plan.

The Upromise Mastercard from Barclays can be linked to a qualified 529 plan. Rewards earned can be forwarded to the 529 plan. Cash back rewards are earned at a rate of 1.529% (clever) if linked, and 1.25% if not linked. I’ll include a link below with a sign-up bonus for new accounts. But first, let’s look at how the card works.

Here is a screenshot from my account showing how the rewards will rack up. Then, once transferred to a qualified 529 plan, these small amounts will compound for years until your child turns 18.

Although these returns pale in comparison to the crypto staking returns I’m accustomed to, free money is free money, right? Any little bit can continue to compound over the years. For me, I have this card linked to my 529 Plan and I also contribute a set amount every month. Then, I use this card for recurring bills like trading services or memberships, so that I, therefore, have a recurring reward…