It can be difficult to find a credit card that is right for you. While you want one that offers rewards and low balance transfer fees, it is important to consider the annual fee. You have many choices for young adults. Here are some of them.
Capital One Platinum Secured Card Credit Card
Capital One Platinum Secured Credit Cards are great for young adults looking to build credit histories. The card is free of annual fees and provides information about your payments to the three major credit agencies. 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 pay in installments.
Citi Premier Card
If you're a young adult who's just getting started in the world of credit, the Citi Premier Card could be just what you need. This card includes a $1,000 sign-up bonus as well as multiple reward categories to help you with your regular spending. The card doesn't charge foreign transaction fees and earns three times as much points when you fly. Transfer your points to partner airlines.
You can get 3% cashback on all purchases at restaurants and drugstores. Unlimited amounts of cash back are available on all purchases. The best part about this card is that it can be used even if your are not working.
Chase Freedom Unlimited
Chase Freedom Unlimited credit cards are a great option for people with no credit but credit cards. This card offers unlimited 1% cash back on purchases made at restaurants and gas stations and has no annual fee and no expiration date. This card is great for those with credit debt and people who are working to build their credit.
This card offers a great value for young adults. You get an additional 0.5% cash back on travel purchases, and you can also transfer points to hotel and airline loyalty programmes. While it's more complicated than most cards, Chase Freedom Unlimited should be your top choice when making a purchase.
Capital One QuicksilverOne Card Rewards Credit Card
Capital One QuicksilverOne Rewards credit cards do not come with a welcome bonus. However, they offer many benefits such as extended warranty coverage and travel benefits. It also offers 24-hour travel assistance. This card could be a great choice for those who are working to improve or build their credit. This card rewards you for making purchases and builds credit history.
This credit card is available to people with fair credit or no credit. After six months of on-time payments, Capital One may automatically consider you for a higher credit line. Capital One also provides a free credit score monitoring. Additionally, there are no foreign transaction charges, zero-fraud liability policies, and 24 hour customer service.