It can be challenging to find the best credit cards for young adults. It is important to look at the annual fees and find one that offers rewards. There are many options available for young adults. Here are some.
Capital One Platinum Secured Credit Card
Capital One Platinum Secured Credit Cards are great for young adults looking to build credit histories. This card charges no annual fee and reports your payment history to the three major credit bureaus. The card does not require collateral and has a low APR.
This card has a $200 credit limit at the beginning. You can increase that credit line with a larger deposit. The maximum credit amount that you can increase your line of credit is $1,000. You can also pay in installments.
Citi Premier Card
Citi Premier Card could be for you, if you're just starting in the world credit. The card offers a $1,000 sign up bonus, as well as a variety of reward categories for regular spend. The card is free from foreign transaction fees and allows you to earn three times as much when you travel. You can transfer your points 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
The Chase Freedom Unlimited credit card can be a great choice if you don't have any credit cards. This card gives unlimited 1% cashback at gas stations and restaurants, and there is no annual fee. It is also great for people with credit debt who are building their credit.
This card is an excellent choice for young adults. It gives you an extra 0.5% cashback on dining and travel and allows you to transfer points into loyalty programs for airlines and hotels. 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
Although the Capital One QuicksilverOne Cash Rewards credit card does not offer a welcome bonus, it offers many travel benefits and extended warranty protection. It also offers 24-hour travel assistance. This card is an excellent choice for anyone who is trying to improve their credit rating or build credit. This card rewards you for making purchases and builds credit history.
This credit card is available to people with fair credit or no credit. Capital One will automatically consider you for a higher credit limit if you have made six consecutive on-time payments. You can also get a credit score monitoring service for free. There are no foreign transaction fees. The card also comes with a zero-fraud insurance policy and 24 hour customer support.