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 good options for young adults. Here are some.
Capital One Platinum Secured Credit Card
The Capital One Platinum Secured credit card is a great option for young adults who want to establish a good credit history. This card does not have an annual fee and reports your payment history directly to the major credit bureaus. It also doesn't require collateral and does not have 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 choose to pay in installments.
Citi Premier Card
Citi Premier Card might be right for you if your young adult is just getting started with credit. This card includes a $1,000 sign-up bonus as well as multiple reward categories to help you with your regular spending. This card does not charge foreign transaction fees, and you can earn three times as many points for every dollar spent. You can transfer your points to airline partners.
It is affordable and you can earn 3% cashback for purchases made at drugstores and restaurants. 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 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 also great for people with credit debt who are building their credit.
This card offers a great value for young adults. You can earn points that you can transfer to hotel and airline loyalty programs, and get an additional 0.5% cashback rate on dining and travel purchases. The Chase Freedom Unlimited is a more complex card than others, but it should always be at the top of your wallet whenever you make a purchase.
Capital One QuicksilverOne Card Rewards Credit Card
The Capital One QuicksilverOne cash rewards credit card doesn't offer a welcome bonus but it does provide many benefits for travelers and extended warranty protection. It also offers 24-hour trip assistance. This card is a great option if you're trying to improve your credit score or build credit. It rewards purchases and helps to build credit.
The credit card is open to anyone with good credit or poor credit. Capital One may automatically grant you a higher credit card line after six months of regular payments. It also offers a free credit score monitoring service. The card also has zero foreign transaction fees and zero fraud liability. It also offers 24-hour customer support.