Finding the best credit card for young adults can be a challenging task. A credit card that offers rewards or a low balance transfer fee is a good choice. But you should also be aware of the annual fee. There are many good options for young adults. Here are some.
Capital One Platinum Secured Kreditkarte
If you're a young adult and looking to build a positive credit history, consider the Capital One Platinum Secured Credit Card. The card has no annual fees and will report your payment history to all three major credit bureaus. It does not require collateral nor has a high APR.
This card comes with a low initial credit line of $200, but you can increase the credit line by making a larger deposit. The maximum amount you can increase your credit line with is $1,000. You can also choose to pay in installments.
Citi Premier Card
Citi Premier Card could be for you, if you're just starting in the world credit. This card offers a $1,000 signup bonus and multiple reward categories for regular spending. The card is free from foreign transaction fees and allows you to earn three times as much when you travel. Plus, your points can be transferred to airline partners.
It charges a low annual fee, and gives you 3% cashback when you buy from restaurants and pharmacies. All purchases qualify for unlimited 1% cashback. 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. 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. It is also great for people with credit debt who are building their credit.
This card is great 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 the Chase Freedom Unlimited is more complicated that other cards, it should still be in your wallet every 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. If you are in the process of building credit or improving your credit, this card could be an excellent option. 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 grant you a higher credit card line after six months of regular payments. The card also offers free credit score monitoring. You also get 24-hour customer care, no foreign transaction fees, zero fraud liability, and zero-fraud policy.