Debit & Credit card

Best Credit Cards for Young Adults | Top 5 Credit Card (2021)

Many young people believe that having a credit card requires a lot of bureaucracy. So, they are discouraged because they believe they will not have financial autonomy. But, we have good news! In the paragraphs below, we will highlight some of the best credit cards for young adults. With these, you’ll be able to manage your finances better.

Furthermore, using credit cards as a form of payment is an increasingly popular alternative today. For most consumers, the card is always the first choice. For this reason, nowadays, it is practically impossible to find a commercial establishment that does not accept a card. Moreover, with so much popularity, increasingly younger customers have become interested in this alternative. This leads many people to ask themselves about the most suitable credit cards for young adults.

Also, it is not enough to choose one of the best options available. After all, the best card for you might not be the best for your colleague, for example. Therefore, you need to understand your needs, among other factors, to make the best choice. Currently, there are several credit cards available for the most diverse profiles. For example, if you have a restricted name in a credit bureau, you can choose a prepaid option.

Want to find out which credit card is best for you as a young adult? Keep reading!

Best Credit Cards for Young Adults

Best Credit Cards for Young Adults

The best credit cards available for young adults include:

Visa® Petal® 2 Credit Card

This credit card stands as one of the best options for young adults who have no credit.

Benefits of the Visa® Petal® 2 Credit Card

This card has a large number of special benefits such as the following:

  • 1% immediate cashback on eligible purchases 
  • No late fee
  • 2% – 10% cashback at selected merchants
  • Credits limit of $ 500 to $ 10,000
  • Variable interest rate from 12.99% to 26.99%.
  • The Cash Flow Technology can help applicants without a credit history to get approval.
  • No deposits required

To get authorized, you don’t always need to have a long credit history. Petal will rather request access to cash. They’ll go through that data to see how healthy your credit is. Please be aware that your credit record will be used by the card provider.

Requirements to obtain the Visa® Petal® 2 Credit Card

To apply for this card, you need to go to your closest bank branch. They will ask you to meet some requirements such as the following:

  • Valid photo ID.
  • Proof of current address for no more than three months.
  • In agreement with the bank, more requirements can be requested.

Capital One® Journey® Student Rewards.

This credit card stands as the best option for university students.

Benefits of the Capital One® Journey® Student Rewards Card

The Capital One® Journey® Student Rewards card offers the following benefits:

  • Rewards for good behavior
  • There are no fees for international transactions.
  • A 1% standard cashback rate applies to all purchases, but you’ll earn a 1.25 percent reward if you settle your payment on time every monthly payment.
  • After 6 months just on card, the institution will immediately evaluate you for an available credit boost.
  • If you want to study overseas, the card may help in saving by avoiding international trading fees. This fee is normally 3% of all foreign purchases, which may not seem like anything at first, but it may quickly mount up, particularly on a strict budget. You won’t have to worry about the annual fee with the Capital One® Journey® Student Benefits card, so you won’t lose out on the value of your rewards. You’ll also avoid interest costs if you pay the debt in monthly installments before the due date.

Requirements to obtain the Capital One® Journey® Student Rewards Card

To get the Capital One® Journey® Student Rewards Card, you must go to your nearest bank branch with the following information:

  • Proof of residential address no longer than three months.
  • An official identification with a valid photo.
  • Be a natural person.

In case of being a foreigner, present:

  • A diplomatic card
  • A valid passport
  • A valid diplomatic passport
  • Temporary, multiple, or permanent migratory forms
  • A consular registration

Deserve® EDU MasterCard

This card stands as the best option for international students.

Benefits of the Deserve® EDU MasterCard 

The Deserve® EDU MasterCard offers the following benefits:

  • 1% cashback on all purchases with your Deserve EDU MasterCard.
  • Feel safe with cell phone protection up to $ 600.
  • No deposit is required. 
  • No annual fees.
  • No international transaction fees are charged on purchases abroad so that you can travel with confidence.
  • The Social Security number is not necessary for international students to apply for it.
  • Refer a Friend Program. Upon approval, activation, and use of the card, you will receive $ 30, and so will your referral. Referral bonuses are unlimited too.
  • Manage and control your expenses, set up automatic payments, and freeze your card safely, all through one easy-to-use application.
  • See if you get prequalified with no impact on your credit score in minutes.
  • Enjoy MasterCard Platinum benefits designed to make your life easier, like MasterCard ID Theft Prevention ™ and Master Rental®.

Requirements to obtain the Deserve® EDU MasterCard

To apply for this card, you need to go to your closest bank branch. They will ask you to meet some requirements such as the following:

  • Valid photo ID.                          
  • Proof of current address for no more than three months.
  • In agreement with the credit card company, more requirements can be requested.

Capital One® Secured MasterCard®

This credit card for young adults also stands as one of the best options for a low-security deposit.

Benefits of the Capital One® Secured MasterCard®

The Capital One® Secured MasterCard offers the following benefits:

  • There are no yearly fees, and there are no fees for international transactions.
  • If you’re having trouble being approved for an unprotected credit or debit card, a protected credit card may be a better option. A suitable alternative is the Capital One® Secured Mastercard®.
  • The card is available with a $ 200 credit limit at first. Based on your credit, a refundable deposit fee of $ 49, 99, or 200 is required.
  • If you deposit extra funds before your account is set up, Capital One® Secured Mastercard® may provide you access to a wider credit limit. The highest credit amount, however, is $1,000.
  • You may create a favorable credit history if you use the card responsibly (for example, by maintaining your balance low).

Capital One® QuicksilverOne® Cash Rewards card

Capital One® QuicksilverOne® Cashback may be a smart alternative for you if you’ve previously begun establishing credit but still haven’t received a card.

Benefits of the Capital One® QuicksilverOne® Cash Rewards card

 The following are some of the advantages of the Deserve® EDU MasterCard:

  • The following are some of the advantages of the Capital One® QuicksilverOne® Cash Rewards card:
  • There is an unlimited refund of 1.5 percent on all transactions, and you don’t have to go through every difficulties to get it.
  • You will be charged a $39 yearly fee. However, if you expend upwards of $ 2,600 on the card in a year (or $ 217 per month), you will get a refund.
  • Following six months on the credit, you would be evaluated for a line of credit extension.
  • There is no charge for international payments.

Requirements to obtain the Capital One® QuicksilverOne® Cash Rewards card

To get the Capital One® QuicksilverOne® Cash Rewards card, you must go to your nearest bank branch with the following information:

  • An official identification with a valid photo.
  • Proof of residential address no longer than three months.
  • Be a natural person.

In case of being a foreigner, present:

  • Temporary, multiple, or permanent migratory forms
  • A consular registration
  • A diplomatic card
  • A valid passport

Frequently Asked Questions

Can my 20 years old get a credit card?

At 20 years of age, one can apply for a Credit Card. 

Should a 22-year-old get a credit card?

A 22-year-old can get a credit card if needed.

How many credit cards should I have at 19?

There is no recommended number of credit cards you should get at 19. Your financial needs will determine the total number.

Can you pass a credit check with no credit history?

If you do not have a credit history, you can still pass a credit check.

What is the age limit for a credit card?

The age limit for a credit card is 18 years.

What is the best credit card for a 20-year-old?

The best credit card for a 20-year-old is the Visa® Petal® 2 Credit Card.

Conclusion

In conclusion, building credit takes time, and there is no better time to start than now. Credit cards can be a good option to build credit without paying interest, as long as you use your card’s grace period. This typically means paying off your entire statement balance before its due date each month. 

Whether you are a college student, graduate, or someone looking to build credit for the first time, we have highlighted some of the best credit cards for young adults. These credit cards can also help you build a healthy credit profile. Some will even give you rewards and perks along the way.

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