It can be difficult to find the right credit card for young adults. It is important to look at the annual fees and find one that offers rewards. There are many great options for young adults. Here are some of them.
Capital One Platinum Secured Visa Card
Capital One Platinum secured credit card is for you if you are a young adult looking to build positive credit records. This card charges no annual fee and reports your payment history to the three major credit bureaus. It also doesn't require collateral and does not have a high APR.
The card has a $200 initial credit limit. However, you can increase your credit line by making larger deposits. You can only increase your credit limit by $1,000. You can also pay in installments.
Citi Premier Card
Citi Premier Card may be the right card for you if you are a young adult just starting out in credit. This card offers a $1,000 signup bonus and multiple reward categories for regular spending. The card doesn't charge foreign transaction fees and earns three times as much points when you fly. Additionally, you can transfer your points directly to airline partners.
It charges a low annual fee, and gives you 3% cashback when you buy from restaurants and pharmacies. You can also get an unlimited amount of 1% cash back on all purchases. The best part about this card is that it can be used even if your are not working.
Chase Freedom Unlimited
If you have credit cards but no credit, the Chase Freedom Unlimited credit card is an excellent choice. 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 offers great value for young adults. This card offers a 0.5% additional cash back rate for dining and travel, as well as the ability to transfer points to loyalty programs at hotels and airlines. It is more complicated than some cards but Chase Freedom Unlimited should always be in your wallet when you make a purchase.
Capital One QuicksilverOne Cash Rewards Credit Card
The Capital One QuicksilverOne cash rewards credit card doesn't offer a welcome bonus but it does provide many benefits for travelers and extended warranty protection. It offers 24-hour emergency assistance and trip planning. 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 is for people with bad credit or fair credit. Capital One may automatically offer you a higher credit line if your payments are on time for six months. You can also get a credit score monitoring service for free. In addition, the card has no foreign transaction fees, a zero-fraud liability policy, and 24-hour customer service.