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What Are the Top Credit Cards for Recent Graduates?

Sophia FloerschVerified
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Summary：Find the best credit cards for new grads with rewards programs and cashback offers from Discover, Chase, and Capital One. Tips for applying and managing credit cards to avoid fees and debt.

Credit cards are an essential tool in the financial world, especially for recent graduates who are looking to establish their credit history. With many credit card options available, it can be overwhelming to choose the best one. In this article, we will discuss the top credit cards for recent graduates to help them make a sound decision.

1. Discover it Student Cash Back

The Discover it Student Cash Back card is an excellent option for recent graduates who are new to the credit world. It offers a cashback reward program, which allows cardholders to earn 5% cashback on rotating categories such as gas, restaurants, and Amazon.com. Additionally, cardholders can earn 1% cashback on all other purchases. The card also offers a unique feature called Good Grade Reward, which provides a $20 statement credit each academic year when the cardholder maintains a 3.0 GPA or higher.

2. Chase Freedom Student

Another great credit card option for recent graduates is the Chase Freedom Student card. This card offers a cashback reward program that allows cardholders to earn 1% cashback on all purchases. Additionally, cardholders can earn 5% cashback on up to $1,500 in combined purchases in rotating categories such as grocery stores, gas stations, and select streaming services. The card also offers a $50 bonus after the first purchase.

3. Capital One Journey Student Rewards

The Capital One Journey Student Rewards card is an excellent option for recent graduates who are looking to establish their credit history. This card offers a cashback reward program that allows cardholders to earn 1% cashback on all purchases. Additionally, cardholders can earn 1.25% cashback on all purchases when they pay on time. The card also offers a higher credit line after making five on-time payments.

Tips for applying for a credit card

When applying for a credit card, it's essential to keep a few things in mind. Firstly, make sure to read the terms and conditions carefully to understand the interest rates, fees, andrewards programs. Secondly, apply for a card that fits your financial needs and spending habits. Lastly, ensure that you have a good credit score to increase your chances of approval.

Credit card savings tips

To save money while using a credit card, consider paying off your balance in full each month to avoid interest charges. Additionally, take advantage of rewards programs andcashback offersto earn money back on your purchases. Lastly, avoid overspending and only use credit cards for necessary purchases.

Credit card fees and risk management

It's essential to be aware of credit card fees such as annual fees, late payment fees, and balance transfer fees. Additionally, to avoid the risk of debt, avoid overspending, and keep track of your credit card balance. Lastly, report any fraudulent activity immediately to your credit card company to avoid financial losses.

Credit card company recommendations

Some of the top credit card companies include Discover, Chase, and Capital One. These companies offer excellent rewards programs, competitive interest rates, and excellent customer service. However, it's essential to compare credit cards from various companies to choose the best one for your financial needs.

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