Finding the best credit card for young adults can be a challenging task. The best credit cards for young adults should offer rewards and a low balance transfer charge. However, you must also pay attention to the annual fees. There are many good options for young adults. Here are some.
Capital One Platinum Secured credit card
Capital One Platinum Credit Card Secured is an option for young adults looking to build good credit. This card charges no annual fee and reports your payment history to the three major credit bureaus. It does not require collateral nor has a high APR.
You can increase your credit limit by making a bigger deposit. You can only increase your credit limit by $1,000. You can also pay in installments.
Citi Premier Card
If you're a young adult who's just getting started in the world of credit, the Citi Premier Card could be just what you need. This card includes a $1,000 sign-up bonus as well as multiple reward categories to help you with your regular spending. You can also earn three times more points when you travel with the card, as well as avoiding foreign transaction fees. Transfer your points to partner airlines.
You can get 3% cashback on all purchases at restaurants and drugstores. All purchases qualify for unlimited 1% cashback. The best thing about the card is that you don't have to be working.
Chase Freedom Unlimited
Chase Freedom Unlimited credit is an excellent option for anyone with no credit and credit cards. This card provides unlimited 1% cashback on purchases made at restaurants or gas stations, and it has no annual fees. There is also no expiration date. It is ideal for those who have credit debt and are trying to improve their credit.
This card is great for young adults. You get an additional 0.5% cash back on travel purchases, and you can also transfer points to hotel and airline loyalty programmes. Although it is more complicated than other cards, the Chase Freedom Unlimited should be on the top of your wallet every time you make a purchase.
Capital One QuicksilverOne cash rewards credit card
Capital One QuicksilverOne Rewards card does not have a welcome offer, but it does offer many travel benefits and extended warranty coverage. It also offers 24-hour trip assistance. If you are in the process of building credit or improving your credit, this card could be an excellent option. This card rewards you for making purchases and builds credit history.
This credit card can be used by people with poor credit or good credit. Capital One may automatically grant you a higher credit card line after six months of regular payments. It also offers a free credit score monitoring service. The card also has zero foreign transaction fees and zero fraud liability. It also offers 24-hour customer support.