There are many options for the best credit card to choose from for young adults. Capital One Venture rewards credit card doesn't offer an introductory rate. This can be useful in paying down debt faster. The card does not offer a signup bonus that can increase your credit score. This card also does not allow you to withdraw money from ATMs.
It's Secure!
A Discover It Secured credit card for young adults can help young adults manage their finances in a few different ways. You can use this card with flexibility by paying fixed monthly installments for two years. It makes it easy to manage finances. You can also use the card like a normal credit card and earn cashback for purchases. This card doesn't offer any other benefits, such points that can later be saved, or rewards. However, when you do spend a certain amount, your cashback will automatically be applied to your next monthly balance.
A second benefit to the Discover it Secured card is its low fees. This is a great advantage for those looking to build a credit score. The card has a See Terms APR which is based at the prime rate. This is in contrast to other secured credit cards that charge high fees.
Chase Freedom Unlimited
Chase Freedom Unlimited credit credit card may be a good choice for you if you are a young adult without credit history. Even though this card does not offer any signup bonuses, rewards or incentives, you will still have access to electronic statements, and a free credit score, making it a great choice for young adults.
Chase Freedom Unlimited Credit Card has no annual fee. It earns 1.5% cash back on all transactions. It earns 1.5 percent cash back on all purchases, which is a little less than average. This credit card is great for young adults who are still learning to manage their finances. No matter if you travel often or not, this card will help to achieve your financial goals.
Capital One QuicksilverOne Cash Rewards Credit Card
If you're a young adult looking for a credit card, you may want to consider a Capital One QuicksilverOne Cash Rewards credit card. This card is free of annual fees and gives you 1% cashback for all purchases. Sign-up bonuses can be equivalent to the cash earned during your first year. As an added bonus, you can avoid a foreign transaction fee.
The credit card has a low credit score requirement, which makes it ideal for young adults with good credit scores. However, you do have to have good credit to qualify for the card, so you'll need to maintain your score well. You can still upgrade to all the benefits later if you have a better credit score.
Milestone Mastercard
Milestone Mastercard might be right for you if you are a young adult with bad credit and want a credit card. It comes with MasterCard perks including extended warranties for large purchases, theft coverage, and $0 criminal liability. You can also get 24-hour international services and airport concierges with this credit card.
Milestone MasterCard is accepted online, at retail locations, and through the app. To avoid paying high interest, keep your credit utilization down. It is also important that you keep an eye on your account balance, payment history, and bank processing times.