It's not uncommon for parents to have at least one creditcard for their children. And it's even more common to find a credit card for teenagers in the hands of recent high school graduates. A recent survey of parents and recent graduates revealed that 23% of them have two or more credit cards for their children. Capital One Rewards is a very popular credit card among teens. This card allows you to earn 5% cash back when you travel.
Secured Sable ONE credit card
If your teenager has poor credit, they may be a good candidate for a Secured Sable ONE Credit Card. This card provides cash back at select shops and no annual fee. The card also includes an app to help track milestones. A Sable credit card can give your child an extra $30 per month if they just graduated high school.
This credit card is great for teenagers because it has a 98% approval rate and no credit check. Sable One credit card gives you 2% cashback on certain purchases, and 1% for all others. The Sable One card also offers dollar-for-dollar matching of cash back. This means that it's a great choice for teens who don't have a good credit history or don't want to worry about a credit check.
Discover it Secured Credit Cards
Secured credit is a great option because it helps build credit history, and they don't charge high interest rates. There are some rules you need to follow when using these cards. Teens need to limit their spending, track purchases, and make monthly payments. They will be able to understand the importance of timely payments and avoid being legally responsible for their debt.
Secured credit cards are great for teenagers because they don't require a hard credit check when applying. They are also free of annual fees. Many cards offer rewards and foreign transaction fees free of charge, which can be very important for teens.
Citibank Freedom
The Capital One Quicksilver cash rewards credit card is an excellent choice whether you're looking for a secure and reliable credit card for yourself or for your teenager. This credit card features a simple rewards scheme and a $200 signup Bonus. You can also earn unlimited 1% cashback with all other purchases The best part is that there is no expiration date or annual fee.
It is a great idea to get a credit score for your teenager. It reports to the three major credit bureaus, which is important when applying for a loan in the future. Low interest rates and no annual fees are common with most cards. This will help you save money on your purchases. Plus, these cards are an excellent way to help your teenager build their credit history and learn to be responsible financially.
Chase Freedom
Consider a credit line for teenagers. You can avoid unwelcome situations such as theft and damage to your property by using a credit card to establish their credit. Most credit cards have features that let you set spending limits for authorized users. You can also earn rewards for using the card to purchase items. Some cards that are targeted at families might offer additional rewards and points for purchases.
If you want to get your teenager started with credit, consider the Discover it credit card. The card is open to young adults with good credit scores, provided that it is at least 690. This card isn't recommended for frequent shoppers, because it has severe penalties for missed payments as well as a 3 percent foreign transaction fee. It is an excellent choice if you intend to use the card to dine out. You can also get a cashback offer on the 100,000 ThankYou points that you earn.