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 of them.
Capital One Platinum Secured Credit Card
Capital One Platinum Credit Card Secured is an option for young adults looking to build good credit. The card is free of annual fees and provides information about your payments to the three major credit agencies. It also doesn't require collateral and does not have a high APR.
The initial credit line for this card is $200. However, you have the option to increase it by making a larger payment. The maximum amount you can increase your credit line with is $1,000. You can also make installment payments.
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 includes a $1,000 sign-up bonus as well as multiple reward categories to help you with your regular spending. The card is free from foreign transaction fees and allows you to earn three times as much when you travel. Transfer your points to partner airlines.
You can get 3% cashback on all purchases at restaurants and drugstores. You can also get an unlimited amount of 1% cash back on all purchases. The best part? You can still qualify for the card, even if it's not your job.
Chase Freedom Unlimited
Chase Freedom Unlimited is a good choice for those with credit cards, but not credit. 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. This card is perfect for people who are consolidating their credit.
This card is an excellent choice for young adults. It offers an extra 0.5% cash back rate on dining and travel purchases and lets you transfer points to airline and hotel loyalty programs. 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
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 trip assistance. If you are in the process of building credit or improving your credit, this card could be an excellent option. This card rewards you for making purchases and builds credit history.
This credit card is for people with bad credit or fair credit. Capital One may automatically approve you for a larger credit line if you make six monthly on-time payments. It also offers a free credit score monitoring service. You also get 24-hour customer care, no foreign transaction fees, zero fraud liability, and zero-fraud policy.