Fisher-Price and Concerto Card Company Launch College Savings Mastercard

Fisher-Price has announced the debut of its first College Savings Mastercard designed to help family members save for their children’s education expenses. By working in concert with 529 education savings plans, the Fisher-Price College Savings Mastercard allows families to earmark savings for a range of academic needs for their children, while also taking advantage of several tax benefits. 

“For more than 90 years, Fisher-Price has supported families at every age and stage of early childhood – from little moments to big milestones,” says Chuck Scothon, senior vice president and general manager, Fisher-Price. “With the new Fisher-Price College Savings Mastercard, we’re continuing to build on our promise to ensure every child has a bright future by helping families start saving for school early on without impacting their day-to-day lives. As parents and loved ones begin turning their everyday spending into 529 education savings, they’ll discover it’s never been easier to make a lasting impact on a child’s future.” 

The Fisher-Price College Savings Mastercard has features like 2% back on purchases when rewards are deposited into a 529 education savings plan, 1% back if not deposited into a 529 plan and more. 

The Fisher-Price College Savings Mastercard is powered by Concerto Card Company, a tech-forward company founded by financial services veterans. For the Fisher-Price College Savings Mastercard, Concerto partnered with Gift of College. 

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Cardmembers with existing 529 accounts can link them to their Fisher-Price College Savings Mastercard upon sign-up, while those without an existing 529 account can open and link one using the tools Gift of College provides.