What are the Top Credit Cards for Graduates to Consider?
As a credit card expert, I would recommend that graduates consider the following credit cards when looking for a suitable option tobuild creditand manage expenses.
1. Discover it Student Cash Back
The Discover it Student Cash Back card is an excellent choice for graduates who are new to credit. This card offers cashback rewards on purchases, and it has no annual fee. Additionally, Discover offers a credit score tracking service, which can help graduates stay on top of their credit score.
2. Citi ThankYou Preferred Card for College Students
The Citi ThankYou Preferred Card for College Students is another great option for graduates. This card offers rewards on purchases, and it has no annual fee. Additionally, Citi offers a free FICO credit score tracking service, which can help graduates monitor their credit score.
3. Chase Freedom Student
The Chase Freedom Student card is an excellent option for graduates who want to earn rewards on their purchases. This card offers cashback rewards, and it has no annual fee. Additionally, Chase offers a credit score monitoring service, which can help graduates stay on top of their credit score.
When applying for a credit card, it is essential to consider several factors, including the card's rewards program, fees, and interest rates. Graduates should also be aware of the risks associated with credit card use, such as overspending and accruing high-interest charges.
To avoid these risks, graduates should create a budget and track their expenses carefully. They should also pay their credit card balances in full each month to avoid accruing interest charges. Additionally, graduates should consider applying for a credit card with a low-interest rate and no annual fee to save money on interest charges and fees.
In conclusion, graduates should consider the Discover it Student Cash Back, Citi ThankYou Preferred Card for College Students, and Chase Freedom Student when looking for a suitable credit card. By understanding the risks associated with credit card use and following best practices for managing credit, graduates can build a solid credit history and improve their financial well-being.
Article review