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. There are many options available for young adults. Here are some of them.
Capital One Platinum Secured 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.
The initial credit line for this card is $200. However, you have the option to increase it by making a larger payment. Your credit limit is limited to $1,000. You can also pay in monthly installments.
Citi Premier Card
The Citi Premier Card is a great option for young adults who are just starting to get into credit. The card offers a $1,000 sign up bonus, as well as a variety of reward categories for regular spend. The card also has the advantage of not charging foreign transaction fees and earning three times the points when you travel. Your points can also be transferred 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%. You can apply for the card even though you aren't working.
Chase Freedom Unlimited
The Chase Freedom Unlimited credit card can be a great choice if you don't have any 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 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. 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 Credit Card Cash Rewards
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 provides 24-hour trip assistance. This card could be a great choice for those who are working to improve or build their credit. This card offers rewards for purchases, and can help you build credit history.
You can apply for this credit card with either good or bad credit. Capital One may automatically approve you for a larger credit line if you make six monthly on-time payments. You can also get a credit score monitoring service for free. Additionally, there are no foreign transaction charges, zero-fraud liability policies, and 24 hour customer service.