Best Credit Card for Young Adults

Written By LaTisha  |  Budgeting & Saving  |  8 Comments

As a young adult it is important for you to establish a credit history. More than that, it is important for you to establish a good credit history.

Oil tycoon and billionaire J. Paul Getty says, “..borrowed money must always be promptly repaid. Nothing will write finis to a career faster than a bad credit rating.” (Source)

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So with that said, there are a few ways to begin to build a credit history and they all start with borrowing money and paying it back.

A credit card is a great way to begin building your credit history.

There are several credit cards out there but the best credit cards for young adults are the ones that offer benefits without fees.

So if you are asking, what is the best credit card for a young adult and you are able to keep your expenses in line with your income then I have the answer for you.

What is a Good First Credit Card?

If you have no credit history at all then you will likely have no credit rating.

In that case, you should look into secured credit cards. This type of card allows you to borrow against cash that you have deposited with the issuer.

It is a great way to build credit.

However, if you have a record of paying bills, for example an electric or gas bill, then it is likely that you have a credit rating.

Check your credit score for free here and obtain a copy of your credit report to make sure there are no errors.

What is the Best Credit Card for a College Student?

As a college student, you are at an interesting time in your life.

Most college students work maybe part time and some even work full time while pursuing their degree.

It’s hard to live as a college student.

What you make usually barely covers tuition and a social life. It’s easy to want a credit card so you can live the way you want, the way you imagine yourself to be once you complete your degree.

As a college student a credit card is not necessary, but if you want to start building credit early, this may be the best time to do so.

There are credit cards for college students that require fair to no credit and can help you start building a good credit history. The trick is to choose one card and stick with it.

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