If you are a young adult looking for the best credit card options available to you, you have come to the right place. In this blog post, we will outline the best credit cards for young adults in 2023. We will provide information on what to look for when choosing a credit card and highlight some of the best options currently available. So whether you are just starting out in your career or you are looking for a new card to help improve your credit score, read on for the best advice!
Best Credit Cards for Young Adults in 2023 Table of Contents
How to get a Credit Card Without a Job?
If you're a student or recent graduate, you may be wondering how to get a credit card without a job. The good news is that there are plenty of options out there for young adults. Here are some of the best credit cards for young adults:
Capital One Platinum Credit Card
This card has no annual fee and offers a 0% APR on purchases and balance transfers for 15 months. There's also no foreign transaction fee, making it ideal for students who study abroad or travel frequently.
Discover it Secured Credit Card
This is a great option for those with limited or no credit history. It requires a security deposit, but you can get your deposit back if you close your account and have paid your bill in full. The Discover it Secured Credit Card also offers a 0% APR on purchases and balance transfers for the first 14 months, making it a great option for those who are looking to transfer high-interest debt.
Citi Simplicity Card
This card offers 0% APR on purchases and balance transfers for 21 months, making it one of the best options for those who need a longer intro period. There's also no late fees or penalty APRs, so you can avoid costly mistakes.
Whether you're a student or recent graduate, there's a credit card out there that's right for you. Be sure to do your research and compare features to find the best fit for your needs.
How To Pick The Best Credit Card as a Young Adult?
When you're ready to start using credit, it's important to choose the best credit card for your needs. If you're a young adult, there are a few things you should keep in mind when choosing a credit card.
First, consider what you'll use the credit card for. If you plan on using it for everyday expenses, look for a card with low interest rates and no annual fee. If you plan on using it for travel or large purchases, look for a card with rewards like cash back or points.
Second, consider your credit score. If you have good or excellent credit, you'll have more options available to you. If your credit score is fair or poor, you may still be able to get a credit card, but you may have to pay a higher interest rate.
Third, compare different credit cards to find the best fit for you. Look at things like interest rates, annual fees, and rewards programs to find the best card for your needs.
If you're a young adult and looking for a credit card, these tips will help you choose the best one for your needs. With so many options available, it's important to do your research and pick the right card for you.
How Decide Which Type of Rewards Credit Card You Want
Cashback cards and travel rewards cards are the most popular types of credit card offers available. Cashback is simple to use, and it works almost everywhere. If you have earned cash back, you may add it to your bill as an account balance. Travel rewards are a little more complex, but they're useful if you travel frequently. They frequently provide valuable perks and do not require foreign transactions, which can assist you save money on international trips.
What Are Student Credit Cards?
Student credit cards are designed for college students who may not have a lot of credit history. These cards can help you build your credit so that you can get approved for other types of loans in the future. Many student credit cards also have low interest rates and rewards programs that can save you money on your everyday purchases.
If you're a college student or recent graduate, here are some of the best student credit cards to consider:
The best student credit card is the Discover it® Student Cash Back card. This card offers cash back on every purchase, with no annual fee. You'll also get a 0% APR on purchases and balance transfers for six months, followed by a variable APR of 14.49% - 25.24%.
The Citi® Secured Mastercard® is another good option for students. This card requires a security deposit, but it has no annual fee. You'll also get a 0% APR on purchases and balance transfers for 18 months, followed by a variable APR of 19.49% - 25.24%.
The Wells Fargo Platinum card is a great choice for students who want to earn rewards on their everyday spending. This card offers cash back on every purchase, with no annual fee. You'll also get a 0% APR on purchases and balance transfers for the first 18 months, followed by a variable APR of 16.49% - 24.99%.
If you're looking for a student credit card with no annual fee and no interest charges, the Capital One® Journey® Student Credit Card is a good option. This card offers a 0% APR on purchases for the first nine months, followed by a variable APR of 17.99% - 25.24%. You'll also get a $0 annual fee and access to your credit score so you can stay on top of your credit health.
The best student credit card for you will depend on your spending habits and financial goals. Be sure to compare different cards before you decide which one is right for you. And remember, always pay your bill in full and on time to avoid interest charges and late fees.
Best Credit Card for Young Adults and Professionals With Fair Credit Score
Earning rewards is not restricted to credit cardholders. Capital One's Cash rewards credit card Capital One Quicksilver secured cash rewards offers the ability to earn up to 1.5% back each time a new customer orders the card at an introductory rate. Secure credit cards are aimed towards people who do not have credit and who use money for their security. Capital One Quicksilver secured cash-back reward cards feature a cash-back program with a guaranteed $200 deposit on all purchases. The 200 deposit can be refunded if deemed necessary.
Best Credit Card for Young Adults and Professionals With a Startup
Brex For Startups has been a favorite for startups as it has several categories for earning points. This card offers Brex credit cards with regular payments in various categories. Earn points on each dollar spent using industry leaders: 7 x on the rideshare, 4 x travel, three x restaurants, 2 x software subscription, and 1 x for all other purchases. Brex also has rewards specifically for technology companies in Life Sciences. This card will help to increase startup size without incurring fees.
Best Credit Card for Young Adults and Professionals to Build Credit
CapitalOne Platinum Secured Credit Cards is one of our best creditcards. They accept deposits as little as $49 and have no fees each year. Although these cards do not offer reward or incentive bonuses it is unique with a $0 annual fee and the ability to create a $200 line of credit for only $49. If you want to repair the damage to your credit and not earn rewards, this card might be a good option. The interest rate remains very high at 25.99% APR and the card offers flexible due dates.
Best Credit Card for Young Adults and Professionals in Graduate School
The Discover It® student credit card gives you $20 of credit toward grades and does not require credit history to apply. You earn 5% of the money back on everyday shopping at various locations like Walmart, Amazon stores, and restaurants. Plus, get an automatic 100% credit back on every other purchase. Besides the cash back, it also offers a cashback match – just for Discover. Discover will match all your cashbacks to your first month! The money can be converted to $100.
What Is the Best Credit Card to Get at a Young Age?
It really depends on your spending habits and what you’re looking for in a credit card. If you want to build credit, a secured credit card might be a good option. If you’re looking for rewards, there are plenty of cards that offer cash back or points on purchases. Compare different cards and see which one is best for you.
What are some of the best features of the best credit cards for young adults? Some of the best features include no annual fee, 0% APR on purchases and balance transfers, access to your credit score, and cash back rewards. Consider what’s important to you when comparing different cards.
What Credit Card Is Best for a 20 Year Old?
Here are the best credit cards for young adults in 2023:
- Capital One VentureOne Rewards Credit Card: This is a great option for young adults who are looking to earn rewards on their everyday spending. The card offers a solid rewards rate of 20% back on travel expenses, with no annual fee.
- Citi Double Cash Card: This card is a good choice for young adults who are looking to earn cash back on their spending. The card offers a solid rewards rate of 20% back on travel expenses, with no annual fee.
- Chase Freedom Flex: This is a great option for young adults who want to earn cash back on their everyday spending. The card offers a solid rewards rate of 20% back on travel expenses, with no annual fee.
- Discover it Cash Back: This is another great option for young adults who are looking to earn cash back on their everyday spending. The card offers a solid rewards rate of 20% back on travel expenses, with no annual fee.
How Many Credit Cards Should I Have at 20 Years Old?
It should be two, preferably, from another bank – Visa, Mastercard, American Express and Discover. All have different reward options (cash back miles, points etc.).
If you have a debit card and are in good standing with the bank, you may be able to get a credit card through them as well. Check with your bank first to see if this is an option for you.
What Credit Card Credit Limit Can I Get as a Young Adult?
There is no one answer to this question as credit limits vary based on a number of factors, including your income, credit score, and payment history. In general, most young adults will have a credit limit of $500-$1000. However, if you have a good income and strong credit history, you may be able to get a higher credit limit.
What Is the Best Way to Use a Credit Card as a Young Adult?
The best way to use a credit card as a young adult is to use it wisely. That means paying off your balance in full each month and not using more than 30% of your available credit. Additionally, you should only charge what you can afford to pay back and avoid interest charges by paying your balance in full each month.
By following these tips, you can use credit cards to your advantage and build a strong credit history that will help you in the future.
Do Credit Card Issuers for Young Adults Report to Credit Bureaus?
Yes, most credit card issuers will report your activity to the three major credit bureaus. This is one of the best ways to build your credit history. By using your credit card responsibly and making on-time payments, you can improve your credit score over time.
Do The Best Credit Cards For Young Adults Have Any Annual Fees?
No, most of the best credit cards for young adults do not have any annual fees. This is one of the reasons why they are a great option for young adults who are looking to build their credit history.
What Are The Best Credit Cards For Young Adults With No Credit History?
If you have no credit history, you may want to consider a secured credit card. A secured credit card requires a deposit, which is used as collateral in case you default on your payments.
This can be a good option if you’re just starting out and trying to build your credit history.
Another option for young adults with no credit history is a student credit card. These cards often have lower limits and may require a cosigner, but they can be a good way to start building your credit history.
Is The Chase Ultimate Rewards Credit Card Good for Young Adults?
The Chase Ultimate Rewards Credit Card is a good option for young adults who are looking to earn cash back on their travel expenses. The Chase Ultimate Rewards Credit Card offers a solid rewards rate of 20% back on travel expenses, with no annual fee.
Additionally, the card comes with a number of other perks, such as access to airport lounges and free checked bags. If you are a young adult who travels often, this could be a great option for you.
What is The Easiest Way to Build Credit as a Young Adult?
There is no one easy way to build credit as a young adult. However, there are a few things you can do to help improve your credit score.
One of the best ways to build your credit is by using a credit card responsibly and making on-time payments. You can also try to get a secured credit card or student credit card if you have no credit or a bad credit score.
Additionally, make sure to check your credit report regularly so you can identify any errors and dispute them accordingly. By following these tips, you can slowly but surely build your credit history and improve your credit score over time.
What's The Best Cash Back Credit Card For Young Adults?
The best cash back credit card for young adults depends on their spending habits. If you spend a lot of money on groceries, you may want to consider the Blue Cash Everyday Card from American Express.
This card offers up to $200 back in cash after you spend $1000 in the first three months, plus an additional $100 back if you sign up for a Blue Cash Preferred account.
If you travel often, the Chase Sapphire Reserve card may be a better option as it offers up to 50% more points on travel expenses. Ultimately, it’s important to choose a card that best suits your needs so you can get the most out of it.
How to Avoid Credit Card Debt as a Young Adult?
One of the best ways to avoid credit card debt as a young adult is by only using your credit card for things that you can afford. It’s also important to make sure you are making on-time payments each month.
If you are ever in a situation where you can’t make a payment, be sure to contact your credit card issuer right away to explain the situation and work out a plan. Additionally, it’s a good idea to keep track of your spending so you can see where your money is going each month.
What Are Foreign Transaction Fees?
Foreign transaction fees are fees that are charged when you use your credit card to make a purchase in a foreign currency.
These fees can vary depending on the card issuer, but they are typically around three percent. Foreign transaction fees can add up, so it’s important to be aware of them if you plan on using your credit card while traveling abroad.
What's The Best Credit Card for Young Adults Who Have Good Credit?
The best credit card for young adults who have good credit is the Chase Sapphire Reserve card. This card offers a great rewards rate, as well as a number of other perks such as airport lounge access and free checked bags.
Additionally, there is no annual fee for this card. If you travel often and have good credit, this card is a great option for you.
Best Young Adult Credit Cards for Building Credit
If you're looking to build your credit, there are a few different options to consider. One option is to get a secured credit card, which requires you to put down a deposit that becomes your credit limit.
Another option is to get a student credit card, which often comes with lower limits and higher interest rates. You can also try using a co-signer if you have bad credit or no credit history.
Whichever route you choose, make sure you use your credit responsibly by making on-time payments and keeping your balances low. Doing so will help you build your credit over time and eventually qualify for better cards with more perks and rewards.
How Do You Redeem Rewards on Credit Cards?
Rewards can typically be redeemed for cash back, gift cards, or travel. Some credit cards also allow you to redeem your rewards for merchandise or experiences.
To redeem your rewards, you will usually need to log in to your account online and go to the “redeem rewards” section. From there, you will be able to choose how you would like to redeem your points or miles. It’s important to note that some rewards programs have expiration dates, so be sure to use your rewards before they expire.
What is a Starter Credit Card?
A starter credit card is a good option for someone who is just starting to build their credit. These cards often come with lower limits and higher interest rates than other cards.
Additionally, some starter cards may have annual fees. However, these cards can help you build your credit over time so you can eventually qualify for better cards with more perks and rewards.
If you're looking to build your credit, be sure to use your starter card responsibly by making on-time payments and keeping your balances low. Doing so will help you establish a good credit history that will benefit you in the long run.
Do Credit Cards for Young Adults Have a Rewards Program?
One of the best things about credit cards for young adults is that they often come with great rewards programs. Whether it's cash back on every purchase, or points that can be redeemed for travel or other perks, these programs can help young adults save money and make the most of their spending. When considering a credit card for a young adult, be sure to ask about the rewards program and what kinds of benefits it offers.
Do I Need an Excellent Credit Score or a Good Credit Score to Get a Credit Card?
You don't need an excellent credit score to get a credit card, but a good credit score will give you more options. There are plenty of great cards for people with average or even bad credit.
However, if you have a limited credit history, your best bet is to start with a secured credit card. These cards require a cash deposit that serves as your line of credit, so they're much easier to get approved for. Once you've built up your credit, you can apply for an unsecured card and get your deposit back.
Where Can Young Adults Get a Free Credit Score?
There are a few different ways young adults can get a free credit score. One option is to sign up for a credit monitoring service. These services will give you your credit score for free, along with other helpful information such as your credit report and credit history. Another option is to check your credit score for free through your bank or credit card issuer.
Many banks and issuers now offer free online tools that allow you to view your credit score any time you want.
Finally, you can also get a free annual credit report from each of the three major credit bureaus (Experian, TransUnion, and Equifax). These reports do not include credit scores, but it will give you an overview of your credit history and any negative marks that may be impacting your score.
In conclusion, there are a few things to keep in mind when choosing the best credit card for young adults. Be sure to consider the rewards program, interest rates, and fees associated with each card.
Additionally, it's important to use your credit responsibly by making on-time payments and keeping your balances low. Doing so will help you build your credit over time and eventually qualify for better cards with more perks and rewards.