What are the best credit cards for young adults with no credit history.
How do you get a credit card if you are young? Is it safe to get one, or might I end up in debt? How will I have a credit score with no credit card? What are the best credit cards for young adults?
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 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 want your first credit card, take the right one.
No matter how good it is, you still have to pay a lot if you get into debt. Having several credit cards gives you spending power and can improve your credit scores. Choosing the right credit card is essential, as it helps banks know your financial history.
This blog we will discuss what are the best credit cards for young adults with no credit history.
Few things to note If you want to know what are the best credit cards for young adults with no credit history
- 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.
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List to know what are the best credit cards for young adults with no credit history
Capital One Platinum Credit Card
It comes With zero annual fee, no foreign transaction fees, and the option to increase your credit limit after five months of regular, on-time payments. The good 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 among the best first cards for young people to make a strong credit card history. 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- the best credit card for young adults
If you love getting rewards, this card perfectly matches you. It may charge an annual fee of $39, but with its offer of 1.5% cash back on all purchases, you can break even providing. You spend a minimum of $217 per month.
The credit score requirements of this card are between 600-699. 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 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 restaurants and gas stations up to $1,000 in combined purchases each quarter. You can also earn unlimited 1% cash back 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 by Capital One- the best credit card 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% cash back on every purchase you make. If you have plans to study abroad, the card can save you money because it does not charge you a foreign transaction fee.
Bank of America® Travel Rewards Credit Card for Students
This card offers travel rewards, including 1.5 points per dollar on all purchases. The card also comes with a sign-up bonus of 25,000 points (equal to $250 in travel) after spending $1,000 in the first 90 days.
Additionally, it has no annual or foreign transaction fees, making it a great option for students who plan to study abroad.
Citi® Double Cash Card
This card offers cash-back rewards on purchases, including 2% cash back on all purchases (1% when you buy and 1% when you pay off your balance). The card has no annual fee and offers a 0% introductory APR on balance transfers for the first 18 months.
This card is ideal for young adults who want to earn cash back on all their purchases.
Chase Freedom Flex℠
This card offers cash back rewards on everyday purchases, including 5% on up to $1,500 in rotating categories (activation required) and unlimited 1% cash back on all other purchases. The card also comes with a $200 sign-up bonus after spending $500 in the first three months.
Additionally, it has no annual fee, making it an affordable option for young adults.
Conclusion (what are the best credit cards for young adults with no credit history)
You must check every detail of your chosen credit. 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 when needed. You can create a good base and financial stability for your future.
So this was the answer to what are the best credit cards for young adults with no credit history. Hope you make the best use of your credit card and build a great credit history. Though there are many options, the solution here is to pick one that agrees with your travel goals and spending habits. Yes, the best credit cards for young adults do exist.