It's not uncommon for parents to have at least one creditcard for their children. Teenagers can often find credit cards for teens 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 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 gives cash back at certain stores and has no annual fee. It also comes with an app that helps track their milestones. Your child could get an additional $30 each month if they have just graduated high school.
This credit card works great for teenagers due to its 98% approval rate, no credit check and low credit requirements. Sable One credit cards offer 2% cash back on certain purchases and 1% on all purchases. Sable One also offers dollar for dollar cash back match. 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 Card Credit Card
Secured credit cards can be a great choice for teens because they allow them to build credit without paying high interest rates. You should be aware that these cards come with certain rules. 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 are great for teenagers because they don't require a hard credit check when applying. They don't have annual fees. Many cards also offer rewards and no foreign transaction fees, which can be important for a teen.
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 cards offers simple rewards and a $200 signup bonus. It also features unlimited 1% cash back on all other purchases. It also has no expiration date and there is no annual fee.
Your teenager will benefit from a credit card. It reports to all three major credit reporting agencies. This information is essential when applying for loans in future. They also enjoy low interest rates and no annual fees, which can help them save money. These cards can be a great way for your teenager to build credit and become financially responsible.
Chase Freedom
A credit card is a good option for teens. You can avoid unwelcome situations such as theft and damage to your property by using a credit card to establish their credit. Credit cards often allow you to limit the spending of authorized users. These cards also let you earn rewards for spending on items you've set up on the card. Some cards that are targeted at families might offer additional rewards and points for purchases.
The Discover it credit card is a great way to help your teenager get started with 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 also offers an impressive cash back offer for the first 100,000 ThankYou points you earn with the card.