Best Credit Cards for Daycare Expenses

Aug 4, 2019

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Daycare expenses seem to be never ending for parents. The average cost of center-based daycare in the United States is nearly $1,000 per month. Of course, this price widely varies based on location. To add to this large monthly expense, some daycare centers are beginning to offer ancillary products, such as internet viewing for parents, for an additional charge.

While these costs aren’t going to slow down anytime soon, credit cards can help alleviate the pain a bit. However, be sure when you are ‘shopping’ around for childcare in your area, ask if they have any fees when using a credit card.

Here are the best credit cards for daycare expenses.

The Blue Business®️ Plus Credit Card from American Express

With the Blue Business Plus Credit Card, earning points couldn’t be simpler. You will earn 2x per dollar on the first $50,000 in purchases per calendar year, and 1 point per dollar afterward with no annual fee (see rates and fees).

Along with this, you will have a 0% intro APR on purchases for 12 months from date of account opening, then a variable rate, 13.24%-19.24%, based on your creditworthiness and other factors as determined at the time of account opening) (see rates and fees).

With TPG’s valuation of American Express Membership Rewards at 2 cents per point, you will be able to earn 4 cents per dollar in value back for your daycare expenses if you are within the $50,000/year mark.

Capital One Venture Rewards Credit Card

The Capital One Venture Rewards Credit Card is a perfect card for someone looking to earn miles without the hassle of spending categories. With this card, you will earn 2 miles per dollar (worth 2.8 cents, according to the latest TPG valuations) on all purchases. You can also earn 60,000 miles after spending $3,000 on purchases within the first three months of account opening.

This card has a $95 annual fee.

Chase Freedom Unlimited

If earning cash back is more to your liking, the Chase Freedom Unlimited could be the right fit for you. You will earn $200 after spending $500 on purchases in the first 3 months.

Along with this, you will have a 0% intro APR on purchases for 15 months from account opening (then variable APR of 14.99% – 23.74% applies).

The Business Platinum Card® from American Express

(Photo by Eric Helgas/The Points Guy)
(Photo by Eric Helgas/The Points Guy)

This one is a long-shot, but it is worth mentioning. The Business Platinum Card from American Express is an appealing card because of the incredible perks. However, it does come with a steep $595 annual fee (see rates and fees), but there is a reason to mention this card when it comes to daycare services.

The welcome bonus for The Business Platinum Card is currently 85,000 Membership Rewards® points after you spend $15,000 on eligible purchases with the Business Platinum Card plus earn 5x points on eligible purchases in 5 select business categories, up to 80,000 bonus points per category, all within the first 3 months of Card Membership. For many people, spending $15,000 in 3 months is a heavy ask. However, if you are able to pay ahead for childcare and pay your balance off, this could be a perfect opportunity to score a lot of American Express Membership Rewards points.

If that pill is too much to swallow at once, you may want to consider the traditional Platinum Card® from American Express to score some valuable points.

Bottom Line

Paying for daycare is never a fun expense. However, it can be mitigated with some major points earnings.

One other points to keep in mind – if your daycare service does not accept credit cards, ask if they will accept from a bill pay service like Plastiq. While there are fees to use Plastiq, it may just be worth it to earn that next welcome bonus.

For rates and fees of the Blue Business Plus card, click here.
For rates and fees of the Amex Business Platinum card, click here.

Chase Sapphire Preferred® Card

WELCOME OFFER: 60,000 Points


CARD HIGHLIGHTS: 2X points on all travel and dining, points transferrable to over a dozen travel partners

*Bonus value is an estimated value calculated by TPG and not the card issuer. View our latest valuations here.

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More Things to Know
  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards®. Plus earn up to $50 in statement credits towards grocery store purchases.
  • 2X points on dining at restaurants including eligible delivery services, takeout and dining out and travel & 1 point per dollar spent on all other purchases.
  • Get 25% more value when you redeem for travel through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 toward travel.
  • With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories.
  • Get unlimited deliveries with a $0 delivery fee and reduced service fees on eligible orders over $12 for a minimum of one year with DashPass, DoorDash's subscription service. Activate by 12/31/21.
  • Earn 2x total points on up to $1,000 in grocery store purchases per month from November 1, 2020 to April 30, 2021. Includes eligible pick-up and delivery services.
Regular APR
15.99%-22.99% Variable
Annual Fee
Balance Transfer Fee
Either $5 or 5% of the amount of each transfer, whichever is greater.
Recommended Credit

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