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24 Sep 2017


By Gracie Carroll

Why I Got A New Credit Card When I Became A New Mom

By Gracie Carroll


You don’t have to be a parent to understand why kids can be expensive, but it wasn’t until I got pregnant that I really started to panic as I did some basic math relating to a new baby. From time off work to an endless list of baby related-items that needed to be purchased (not to mention the cost of diapers and how many we would be going through), I quickly began to consider how and where I could cut costs and save money in preparation for the arrival of our first baby.

One of the first things I did when I began to make some key economical changes was apply for a new credit card. Despite what you might think, this wasn’t a move to get more credit, it was a decision made in order to get a credit card that could do more, for me.

Enter The Capital One Costco Mastercard that I decided to apply for the following reasons:


#1 Buying in Bulk Saves You Money

The amount of diapers we go through with a newborn baby is about ten times more than anything I had imagined – babies go through A LOT of diapers, and, newsflash: diapers ain’t cheap! Since we live in a small home in downtown Toronto, I don’t often buy too much in bulk due to storage issues, but, when it comes to items that we go through extremely quickly (such as diapers and wipes), saving money by buying in bulk through Costco has been a game changer

#2 Your Costco Membership Is Included

You might be wondering what shopping at Costco has to do with this credit card – an added benefit is that with The Capital One Costco Mastercard, your credit card doubles as your Costco membership! That’s right, you’ll no-longer have to lean on your parents, friends or distant relatives for your Costco run (as I once did), with this credit card you’ll be able to consider yourself a full-on adult with your very own Costco membership.


#3 It is Super Convenient

One thing I’ve very quickly learned as a new parent is there is pretty much no time for anything, and everything needs to be done extremely quickly. No wonder other moms told me that I’d soon learn how to become extremely efficient! Being able to go to a one-stop-shop like Costco for everything you need is not only super convenient when you’re a parent, but it’s totally necessary. I mean, where else can you shop everything from your groceries to a new stroller for your kid? Better yet, you can also shop Costco.ca and have everything delivered to your door! Now THAT is what I call being efficient!

#4 Cash Back Is King

I think the only thing I love more than a great value is getting money BACK for spending money. The cash back feature was one of the biggest selling points of The Capital One Costco Mastercard for me, especially because, as a foodie, I love that you get 3% on restaurant purchases. And it doesn’t stop there, you also get 2% on gas purchases and 0.5% on the first $3,000 you spend annually on all other purchases, and 1% after that.


#5 There Are Travel Benefits

As a new parent I will (unfortunately) be traveling less than I’d like to, however, that doesn’t mean I don’t want a credit card that can help me with travel. The Capital One Costco Mastercard includes a number of travel benefits such as: car rental insurance, travel accident insurance, baggage delay and travel assistance. With reduced travel plans or not, there’s no denying how helpful these travel benefits can be.

#6 Apply and get $10 just for using your card

Visit a Costco Warehouse or Costco.ca to apply for a Costco membership and The Capital One Costco Mastercard. Apply between October 28 and November 10, 2019, and f you’re approved, spend $50 by December 10, 2019 and get a $10 statement credit. See Capital One for more details.



(Story by Editor-in-Chief, Gracie Carroll)

*Please note that this post has been brought to you in partnership with Capital One Canada, all thoughts and opinions are our own*

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