Things to Look for When You’re Getting a Family Credit Card

A family credit card can actually be a great way to save money on your general bills. If you’re able to effectively utilize a family credit card, you may be able to get more done with the money you have, especially considering the benefits, which may include cash back on many of your general purchases. If you’re thinking about applying for a new family credit card, here are four things you should pay attention to.

1. Annual Fee

The annual fee is one of the biggest things that many people look for when it comes to family credit cards. Of course, you need to make sure that your credit card fee fits your family’s budget, so it’s a good idea to pay attention to it. However, it’s also not necessarily true that you need to stick to a $0 annual fee card to get the best deals. A card with a moderate annual fee may give you significantly more benefits than a card without one.

2. Sign-On Bonus

The sign-on bonus for a specific credit card can go a long way in giving you plenty of benefits that can offset annual fees and front-load your card with all sorts of value. You may be able to get a sign-on bonus that’s available no matter what as long as you sign up for the card, or you can find a sign-on bonus that only kicks in after you spend a certain dollar amount in a certain time period. Either way, this can be a great way to add value to your card.

3. APR

If you know that you might carry a balance on your credit card from time to time, it’s a good idea to look at the APR of a card. Usually, you’ll get an APR during the approval process, which will often have to do with your credit score, what cards you’ve previously received, and your income-to-debt ratio. Making sure you have a great credit score and as minimal debt as possible can help reduce your APR.

4. Specific Company Benefits

Getting the best benefits from a family credit card may require that you look into specific company benefits that a certain card will offer you. If you’re looking for an Amazon credit card promotion, for example, you might want to consider the Amazon Prime Rewards Visa Signature Card, which gives you 5% back on all your Amazon purchases. This is a great card to consider if you regularly make purchases at Amazon.


If you’re planning on applying for a new credit card for your family, there are a number of things you might want to look for. These four are all important elements of managing your family’s credit card options. Next time you go to apply for a credit card, consider the card’s annual fee, sign-on bonus, APR, and any benefits that may come along with a specific company, as it’s the best way to get the credit card that’s right for you.