Originally Posted by steve100
You may want to just get a cashback card instead. (Like AmEx Blue Cash). This will give you over 1% back on all purchases, issued once a year.
Whereas the upromise card gives just 1% back in the form of a college fund.
They old addage says, money today is worth a lot more than money in the future.
According to the Upromise website, you can get from 1% to 5% back from the card on certain grocery purchases in addition to the 1% to 5% back from the food companies (like Kraft, Kelloggs, and Proctor&Gamble). You can also get something like 2% to 10% back on purchases at certain retailers like BedBathBeyond but only when you use the card. The way I figured it, it's likely to be more than 1% on average.
The catch is that Citi caps the standard 1% cash back at $300 per year ($30k spend). So maybe the blue cash card is a better choice after all. There are just so many choices!