It's not unusual for parents to have at most one credit card available for their children. And it's even more common to find a credit card for teenagers in the hands of recent high school graduates. Recent graduates and parents surveyed found that 23% had at least two credit cards for their children. Capital One Travel Rewards is one popular credit card that teens love. This card provides a 5% cashback for 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 offers cash back at select stores and no annual fee. This card comes with an app that tracks milestones. If your child just graduated highschool, the first Sable credit cards could provide them with an extra $30 per monthly.
This credit card is ideal for teenagers, as it offers a 98% approval rating and requires no credit checks. Sable One offers 2% cashback on selected purchases and 1% for all other purchases. Sable One cards also offer dollar-for-dollar cash back matching. This makes it a great option if you don't have a lot of credit history or don’t want any credit checks.
Discover it Secured Kreditkarte
Secured credit cards can be a great choice for teens because they allow them to build credit without paying high interest rates. These cards have certain rules and you need to be aware of them. For example, teens should follow a limit on their spending, be sure to keep track of purchases, and be involved in monthly payments. They will also learn the importance and responsibility of paying on time, which will help them avoid becoming financially liable.
Secured credit cards work well for teens because they don’t require any credit checks. 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 Reward Credit Card is the perfect choice, whether you are shopping for teenagers or searching for a secured credit card. This credit card offers a simple rewards structure and a $200 signup bonus. You can also earn unlimited 1% cashback with all other purchases There is no expiration or annual fee.
A credit card for your teenage child is a great way of helping them to build a good credit history. It reports to the major credit bureaus. This will be useful when you apply for future loans. The majority of cards don't have annual fees or high interest rates. This will allow them to save money on purchases. These cards are a great way to teach your teenager how to manage their finances and build their credit score.
Chase Freedom
A credit card is a good option for teens. Credit cards are a great way for teens to build their credit. This can help to prevent unintended situations like theft and property damage. Many credit cards allow you to set spending limits for authorized users. These cards offer rewards for purchasing items you've pre-approved. Some cards are geared towards families and offer extra rewards or points for purchases.
Discover it credit cards are a good option to get your teenager credit. This card is open to young adults with a decent credit rating, but it must be at least 690. The card has stiff penalties for late payments and a 3.3% foreign transaction fee. This is why it's not recommended for frequent shoppers. If you are planning to use this card for dining out, however, it is a good choice. It offers a generous cash back offer for the 100,000 ThankYoupoints you earn.