So, you've finally graduated and joined the real world? Congratulations! With all the freedoms and responsibilities of adulthood, finding the best credit card for your post-grad financial needs should be on your to-do list. Your financial journey is just starting, and Flik Eco is here to help you navigate the tricky waters of personal finance. In this article, we'll be discussing the best credit cards for post-grads, looking at their rewards, interest rates, and other important factors to help you make an informed decision.
Best Credit Cards For Post Grads Table of Contents
Finding the Right Card
When choosing the best credit card for you, consider your spending habits and financial goals. Some credit cards offer cashback on everyday purchases, while others might cater to specific categories like travel or dining.
Top Credit Cards for Post-Grads
Here are our top picks for the best credit cards for post-grads, taking into account rewards, benefits, and low annual fees:
1. Chase Freedom Unlimited
- Sign-up bonus: Earn 3% cash back on all purchases in your first year, up to $20,000
- Rewards: 1.5% cash back on all purchases
- No annual fee
- 0% introductory APR for 15 months on purchases and balance transfers
2. Discover It Cash Back
- Sign-up bonus: Discover matches all cashback earned in the first year
- Rewards: 5% cashback on rotating categories (up to $1,500 quarterly) and 1% on all other purchases
- No annual fee
- 0% introductory APR for 14 months on purchases and balance transfers
3. Capital One Quicksilver Cash Rewards
- Sign-up bonus: $200 cash bonus after spending $500 in the first 3 months
- Rewards: 1.5% cash back on all purchases
- No annual fee
- 0% introductory APR for 15 months on purchases and balance transfers
4. Blue Cash Everyday Card from American Express
- Sign-up bonus: $200 statement credit after spending $1,000 in the first 3 months
- Rewards: 3% cashback at U.S supermarkets (up to $6,000 annually), 2% cashback at U.S gas stations and select U.S department stores, and 1% on other purchases
- No annual fee
- 0% introductory APR for 15 months on purchases and balance transfers
Factors to Consider When Choosing a Credit Card
When choosing a credit card, you should consider the following factors:
- Rewards: Make sure the card's rewards align with your spending habits and financial goals.
- Interest Rates: Look for cards with low interest rates or 0% introductory APR periods, especially if you plan to carry a balance.
- Fees: Some cards may have annual fees or foreign transaction fees, so make sure to account for these when comparing cards.
- Credit Score: Many cards have a minimum credit score requirement, so make sure you meet these before applying.
Best Credit Cards For Post Grads Example:
Imagine you're a recent post-grad who loves to travel. The Capital One Quicksilver Cash Rewards card would be a great fit for you, with its simple 1.5% cashback rewards, no annual fee, and no foreign transaction fees. Within a few months, you could easily accumulate enough rewards to put towards your next trip.
On the other hand, if most of your spending is on groceries and gas, the Blue Cash Everyday Card from American Express might be a better choice with its 3% cashback on U.S. supermarkets and 2% cashback on U.S. gas stations.
Now that you've learned about the best credit cards for post-grads, it's time to choose the one that fits your financial needs and goals. Don't forget that responsible use and paying off your balance each month can lead to a healthy credit score, which will benefit you in the long run. Share this article with other recent grads and explore Flik Eco for more personal finance tips and investing advice tailored just for millennials!
