It can be hard to find the best credit card option for young adults. A credit card that offers rewards or a low balance transfer fee is a good choice. But you should also be aware of the annual fee. There are many great options for young adults. Here are some.
Capital One Platinum Secured Visa Card
Capital One Platinum Secured Credit Cards are great for young adults looking to build credit histories. The card is free of annual fees and provides information about your payments to the three major credit agencies. It does not require collateral nor has a high APR.
The card has a $200 initial credit limit. However, you can increase your credit line by making larger deposits. Your credit limit is limited to $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 comes with a $1,000 sign-up bonus and a range of reward categories for regular spending. The card also has the advantage of not charging foreign transaction fees and earning three times the points when you travel. Plus, your points can be transferred to airline partners.
It has a low annual fee and offers 3% cash back on purchases from restaurants and drugstores. Additionally, all purchases are eligible for unlimited cashback of 1%. You can apply for the card even though you aren't working.
Chase Freedom Unlimited
Chase Freedom Unlimited credit cards are a great option for people with no credit but 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's also great for people building credit and with credit card debt.
This card is a great choice for young adults. You can earn points that you can transfer to hotel and airline loyalty programs, and get an additional 0.5% cashback rate on dining and travel purchases. 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 Credit Card Cash Rewards
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 also offers 24-hour travel assistance. This card is a great option if you're trying to improve your credit score or build credit. 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 offer you a higher credit line if your payments are on time for six months. It also offers a free credit monitoring service. The card also has zero foreign transaction fees and zero fraud liability. It also offers 24-hour customer support.