How to fund college savings with a credit card

The New York Times recently published an article about Gift of College rolling out gift cards to stores (initially only in California). They wrote: Want to Help Pay for a Child’s College? Grab a Gift Card. Fees for these gift cards are reported to range from “$3.95 to $5.95 depending upon the card’s value”. The highest value gift card purchasable will be $500, so we can calculate the expected fee as a percentage: $5.95 /...

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By Greg The Frequent Miler