Before having a baby, look for a store in your area that carries everything you will need before the baby comes and then once he or she arrives -- get a store-specific credit card with rewards for that store. For many parents, their one-stop-shop becomes Walmart or Target. Walmart offers two credit cards, but the cash back earnings are very low compared to other options.
Target Credit Card -- This is called the REDcard and you’ll save an additional 5% on everything you buy from Target retail stores or Target.com with your REDcard. When shopping Target.com with your REDcard, you’ll get free shipping in addition to the 5% savings. Your REDcard also gives you an extra 30 days to return items you buy. As an added bonus, you can choose your child’s school and every time you shop with your REDcard, 1% of your purchases will be donated to the school of your choice.
If you are afraid of overspending on a credit card, you can always sign up for the Target REDcard debit card. It’s linked to your checking account, but still offers all of the benefits and rewards of the credit version.