It can be difficult to find a credit card that is right for you. 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 great options for young adults. Here are some.
Capital One Platinum Secured Visa Card
Capital One Platinum Credit Card Secured is an option for young adults looking to build good credit. The card doesn't have an annual fee, and it reports your payment history on the three major credit reporting agencies. The card does not require collateral and has a low APR.
You can increase your credit limit by making a bigger deposit. You can only increase your credit limit by $1,000. You can also 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. The card doesn't charge foreign transaction fees and earns three times as much points when you fly. You can transfer your points to airline partners.
It has a low annual fee and offers 3% cash back on purchases from restaurants and drugstores. Additionally, all purchases are eligible for unlimited cashback of 1%. The best part? You can still qualify for the card, even if it's not your job.
Chase Freedom Unlimited
Chase Freedom Unlimited credit cards are a great option for people with no credit but 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. This card is great for those with credit debt and people who are working to build 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 the Chase Freedom Unlimited is more complicated that other cards, it should still be in your wallet every purchase.
Capital One QuicksilverOne Cash Rewards Credit Card
Capital One QuicksilverOne Rewards card does not have a welcome offer, but it does offer many travel benefits and extended warranty coverage. It also offers 24-hour travel 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 can be used by people with poor credit or good 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. The card also has zero foreign transaction fees and zero fraud liability. It also offers 24-hour customer support.