It can be challenging to find the best credit cards 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. There are many options available for young adults. Here are some of them.
Capital One Platinum Secured credit card
If you're a young adult and looking to build a positive credit history, consider the Capital One Platinum Secured Credit Card. The card doesn't have an annual fee, and it reports your payment history on the three major credit reporting agencies. It doesn't require collateral, and it does not have a high annual percentage.
This card comes with a low initial credit line of $200, but you can increase the credit line by making a larger deposit. You can only increase your credit limit by $1,000. You can also choose to pay in installments.
Citi Premier Card
Citi Premier Card may be the right card for you if you are a young adult just starting out in 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. Your points can also be transferred to airline partners.
The annual fee is low and you get 3% cash back when you shop at restaurants or drugstores. Unlimited amounts of cash back are available on all purchases. The best part is that you can qualify for the card even if you're not working yet.
Chase Freedom Unlimited
Chase Freedom Unlimited credit is an excellent option for anyone with no credit and credit cards. 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. It is ideal for those who have credit debt and are trying to improve their credit.
This card offers great value 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. Although it is more complicated than other cards, the Chase Freedom Unlimited should be on the top of your wallet every time you make a purchase.
Capital One QuicksilverOne 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 offers 24-hour emergency assistance and trip planning. This card is a great option if you're trying to improve your credit score or build credit. It offers rewards for purchases and helps you build a credit history.
The credit card is open to anyone with good credit or poor 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. In addition, the card has no foreign transaction fees, a zero-fraud liability policy, and 24-hour customer service.