The best credit cards for 20-year-olds (and 20-somethings more generally) depend on whether you’ve already built any credit and whether you’re still in school. If you don’t have any credit history yet, you’ll want to get a starter card, like Capital One QuicksilverOne. If you’re still a student, you could get a better deal with Journey Student Rewards from Capital One.
But if you’re no stranger to credit and you’ve already built up a good history, you can start setting your sights on more lucrative rewards cards such as Citi Double Cash (2% cash back on everything) or Capital One Venture (2 miles per $1 on everything).
HERE ARE THE BEST CREDIT CARDS FOR 20-SOMETHINGS:
For fair/limited credit: Capital One QuicksilverOne
1.5% cash back on all purchases. $39 annual fee.
For college/grad students: Journey Student Rewards from Capital One
1% cash back on all purchases or 1.25% if you pay on time. No annual fee. Can get this card with limited history or fair credit.
For cash back: Citi Double Cash
2% cash back on all purchases, 1% when you buy and another 1% when you pay. 0% APR on balance transfers for 18 months (3% fee). No annual fee. You need good credit to get this card.
For travel rewards: Capital One Venture
50,000 bonus miles when you spend $3,000 in the first 3 months. 10 miles per $1 at hotels.com/venture, and 2 on all other purchases. $95 annual fee ($0 the first year). You need good credit.
For online shopping: Amazon.com Credit Card
$50 Amazon gift card after you’re approved ($70 for Prime members). 3 points per $1 on all Amazon and Whole Foods purchases (5 with Prime). 2 points per $1 at gas stations, restaurants, and drugstores (1 on all other purchases). No annual fee. You need good credit.
For bad credit: Discover it Secured
2% cash back on $1,000 spent per quarter at restaurants and gas stations, and 1% back on all other purchases. The first year’s cash back is matched on your account anniversary. $200 minimum security deposit. No annual fee.
As you can see, there are good credit cards for 20 somethings of all experience levels, from bad credit to good credit and above.