How do you get a credit card if you are young? Is it safe to get one, or I might end up in debt ? How will I have a credit score with no credit card? What are the best credit cards for young adults?
Well, I am here to answer all your questions and help you get your first credit card? Many young people like you and me may find it hard to qualify for credit cards when they are just beginning their credit journey.
So if you are young and just started with your career, don’t forget to build your credit using a credit card. Efficient use of credit cards assures banks that you can repay what you borrow. The positive credit history you make when you get your credit card early helps you in the future to take loans.
Credit cards for young adults may sound fascinating, but you still have to be extra careful when you use them. If you are looking to get your first credit card, make sure you take the right one. No matter how good it is, you still have to pay a lot of money if you get into debt. You must know having several credit cards give you spending power and can improve your credit scores. Choosing the right credit card for yourself is essential, as it helps banks know about your financial history.
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Few things to note If you are a young adult looking to best credit cards for young adults
- Make sure your annual fee is low, or try to take no annual fee
- After all, credit card does come with high, ongoing running costs
- Choose a card that gives you perks- that is beneficial for you
- Check with all the guidelines before applying for a credit card
Capital One Platinum Credit Card- best credit cards for young adults
Capital One Platinum Credit Card comes With no annual fee, no foreign transaction fees, and the option to increase your credit limit after five months of regular, on-time payments. The best part about this card is it reports to all three bureaus. Additional benefits include the chance to build your credit history. The credit score requirements of this card are between 600-699.
It is a great first card for young people looking to build a strong credit history, and there’s no annual fee. Capital One Platinum Credit Card also includes fraud coverage if your card is lost or stolen. It helps you build a great way to create a credit line and credit history. Giving you 24/7 customer support gives you backup so you can talk to someone in case anything goes wrong.
Capital One QuicksilverOne Cash Rewards Credit Card- best credit cards for young adults
If you love getting rewards, this card is the perfect match for you. It may charge an annual fee of $39, but with its offer of 1.5% cashback on all purchases, you will be able to break even providing. You spend a minimum of $217 per month.
The credit score requirements of this card are between 600-699. Be automatically considered for a higher credit line in as short as six months. It is an excellent alternative for customers looking for a straightforward cashback program and low fees. You can get valuable rewards for all your purchases.
Capital One QuicksilverOne Cash Rewards Credit Card rewards its customers with several added benefits. The best part about this card is – you only need average credit to qualify for this card. No limit to how much cash back you can earn, and it does not expire for the life of your account.
Discover It Student Chrome- best credit cards for young adults
With Discover It Student Chrome, you can earn 2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter. You can also earn unlimited 1% cashback on all other purchases. The best part is the annual fee for this is $0. Earn rewards while building your credit history that can help you after graduation. And get your free Credit Scorecard. You can now qualify for a $20 statement credit each school year- your GPA is 3.0 or higher, good for five subsequent years.
Journey Student Rewards from Capital One- best credit cards for young adults
It is considered the best card for students. Journey Student Rewards from Capital One offers back rewards on all of your purchases, incentives for positive use, and no foreign transaction fee. You can get 1% cashback on every purchase you make. If you have plans to study abroad, the card can save you money because it does not charge you with a foreign transaction fee.
You must check every detail of the credit you are choosing. By paying your bill in full and on time, you can build a credit profile that will make getting a car loan or mortgage easier to get when you need it. You can create a good base and financial stability for your future.
We hope you make the best use of your credit card and build a great credit history for yourself. We know you have a lot of options to choose from, but the solution here is to pick one that agrees with your travel goals and spending habits. Yes, best credit cards for young adults do exist.
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