It can be difficult to find the right credit card for young adults. You want to find one that offers rewards and a low balance transfer fee, but you also need to pay attention to the annual fee. Fortunately, there are a number of good options for young adults. Here are some.
Capital One Platinum Secured Kreditkarte
Capital One Platinum Credit Card Secured is an option for young adults looking to build good credit. The card doesn't have an annual fee, and it reports your payment history on the three major credit reporting 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. The maximum credit amount that you can increase your line of credit is $1,000. You can also make installment payments.
Citi Premier Card
Citi Premier Card could be for you, if you're just starting in the world credit. You get a $1,000 bonus when you sign up and many reward categories for your regular spending. The card doesn't charge foreign transaction fees and earns three times as much points when you fly. Your points can also be transferred to airline partners.
It has a low annual fee and offers 3% cash back on purchases from restaurants and drugstores. Also, you can get unlimited amounts of 1% cashback on all purchases. The best part? You can still qualify for the card, even if it's not your job.
Chase Freedom Unlimited
If you have credit cards but no credit, the Chase Freedom Unlimited credit card is an excellent choice. The card has an unlimited 1% cashback rate on all purchases made at restaurants and gas stations. It also comes with no annual fee and no expiration. This card is great for those with credit debt and people who are working to build their credit.
This card is a great choice for young adults. This card offers a 0.5% additional cash back rate for dining and travel, as well as the ability to transfer points to loyalty programs at hotels and airlines. While it's more complicated than most cards, Chase Freedom Unlimited should be your top choice when making a purchase.
Capital One QuicksilverOne Credit Card Cash Rewards
Capital One QuicksilverOne Rewards credit card offers a number of travel benefits, extended warranty protection and a no-risk welcome bonus. It also offers 24-hour travel assistance. This card may be a good choice if you are trying to build credit or improve your credit. It rewards purchases and helps to build credit.
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. Additionally, there are no foreign transaction charges, zero-fraud liability policies, and 24 hour customer service.