Best Credit Cards For Recent College Graduates In April 2022

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The Best Credit Cards for Recent College Grads in April 2022

When it comes to credit building, college graduates often find themselves in difficult situations. It may be difficult to get credit cards or loans approved in the beginning.

Credit card applications can be a great way to build credit. Credit cards are available for recent college graduates who want to start building credit.

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Find the Best Credit Card

  • The Best Credit Cards of 2022
  • The Best Cash Back Credit Cards
  • The Best Business Credit Card

The Best Credit Card For Recent College Grads

BEST ALL-OVER RECENT COLLEGE GRADUATES

Petal(r), 2 Cash back, No Fees Visa(r) Credit Card

Apply Now Petal’s Website Apply Now

Cashback up to 10%

Get 1% Cashback on All Eligible Purchases. You could get up to 1.5% Cash Back after 12 purchases

Welcome Bonus

None

Annual Fee

$0

APR regular

13.24%-27.24% (Variable)

Credit Score

Limited/Fair/Good/Excellent ()

What We Forgot to Consider When We Decided on ItPros and ConsCard Details

BEST FOR FLEXIBLE REWARDS

Chase Sapphire Preferred(r) Card

Apply Now Chase Bank USA NA’s Website Apply Now

Up to 5x your reward rate

Chase Ultimate Rewards(r): 5x travel, 3x dining and 2x for all other purchases PlusRead more

Welcome Bonus

80,000 bonus points

Annual Fee

$95

APR regular

Variable: 16.24% – 22.244%

Credit Score

Excellent, Good (700 – 749)

What We Forgot to Consider When We Decided on ItPros and ConsCard Details

BEST FOR REWARDS AND 0% APR

Chase Freedom Unlimited(r).

Apply Now Chase Bank USA NA website. Get it now!

Reward Rates as High As 5X

Chase Ultimate Rewards(r): Receive 5% off Chase travel, 3.3% dining-out, and 1.5% on all otherRead more

Welcome Bonus

Cashback up to 300

Annual Fee

$0

APR regular

Variable: 15.24% – 23.99%

Credit Score

Excellent, Good (700 – 749)

What We Considered When Picking ItPros and ConsCard Details

BEST SECURED CREDIT OPTION

Secured Credit Card – Discover it(r)

Apply Now Visit Discover’s Website Apply Now Fees & Rates 5.0

Reward Rates up to 2%

Earn more with 2% cashback at gas stations and restaurants on combined purchases of up to $1,000

Welcome Bonus

Cashback Match ™.

Annual Fee

$0

APR regular

Variable: 23.24%

Credit Score

Rebuilding/New Credit

What We Forgot to Consider When We Decided on ItPros and ConsCard Details

BEST FOR DEBT CONSOLIDATION

Citi Simplicity(r) Card

Apply Now Visit the Citibank Website Apply Now

Welcome Bonus

N/A

Annual Fee

$0

APR regular

14.99% – 24.99% (Variable)

Credit Score

Excellent, Good (700 – 749)

What We Forgot to Consider When We Decided on ItPros and ConsCard Details

BEST FOR AMAZON PRIME MEMBERS

Amazon Prime Rewards Visa Signature Card *

Click Here to Learn More About 4.5

Reward Rates as High As 5X

Amazon.com/ Whole Foods Market – Get 5% Back Get 2% off at gas stations, restaurants, and drugstores

Welcome Bonus

Amazon gift card

Annual Fee

Prime membership: $0

APR regular

Variable between 14.49% and 22.49%

Credit Score

Good/Excellent (700 – 749)

What We Considered When Picking ItPros and ConsCard Details

BEST FOR GROCERIES

Amex EveryDay(r), Visa Credit Card *

Click Here to Learn More

Up to 2x your reward rate

2X Membership Rewards(r), points in US supermarkets upto $6,000 per year (then 1X). Read more

Welcome Bonus

Receive 10,000 points

Annual Fee

$0

APR Regular

13.24% – Variable: 24.24%

Credit Score

Good/Excellent (700 – 749)

What We Considered When Picking ItPros and ConsCard Details

BEST FOR AVERAGE Credit

Capital One QuicksilverOne Credit Card

Apply Now Capital One’s Website Apply Now

1.5% Reward Rate

Unlimited 1.5% Cashback on All Purchases, Every Day

Welcome Bonus

N/A

Annual Fee

$39

APR regular

26.99% (Variable)

Credit Score

Average, Fair, Limited

What We Forgot to Consider When We Decided on ItPros and ConsCard Details

Here’s a list with the best credit cards for recent college grads

CREDIT CARD BEST-CREDIT SCORE

ANNUAL FEE WELCOME BOONS Petal(r), 2 “Cash back, No Fees” Visa(r) Credit Card Best Overall For Recent College GraduatesLimited/Fair/Good/Excellent$0None Sapphire Preferred(r) Card Best for Flexible RewardsExcellent, Good$9580,000 Bonus points Freedom Unlimited(r). Best for Rewards and Zero Interest Secured Credit Card Best Secured Credit Card OptionNew/Rebuilding Credit $0Cashback Match(tm) Citi Simplicity(r) Card Best for Debt ConsolidationExcellent, Good$0N/A Amazon Prime Rewards Visa Signature Card Best for Amazon Prime MembersGood/Excellent$0 with Prime membershipAmazon gift card Amex Everyday(r) Credit Card Best for GroceriesGood/Excellent$0Earn 10,000 points Capital One QuicksilverOne Rewards Credit Card For Average CreditAverage. Fair, Limited$39N/A

Methodology

Forbes surveyed over 100 top-rated deals to compile this list. We also took into account cardholder perks. These cards are designed to appeal to students with poor credit histories or those with credit-building skills.

The Best Credit Cards For College Grads in 2022

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WebBank, Member FDIC, offers the Credit Card. It provides 2 Visa(r) “Cashback, no Fees” and is designed to help new credit users build their credit.

Reward: Get 1% cashback on eligible purchases immediately after 12 months of on-time payments. You can also get 1.5% cashback on eligible purchases.

The card doesn’t offer any bonus

Annual Fee $0

There are both benefits and drawbacks to this card. The card doesn’t require that you make a cash deposit in order to open it. Earn rewards for shopping.

There are no fees for the card. The app lets you track your spending and rewards.

Chase Sapphire Preferred(r) Card

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Chase Sapphire Preferred(r) card offers rewards with the flexible Chase Ultimate Reward program. You can redeem points for cashback, statement credit, and gift card cashback. Points can be transferred 1:1 to partner airlines and hotels.

Reward Points: Cardholders receive 5 points for every $1 spent via Chase Ultimate Rewards(r), and 3 points per $1 spent on select streaming services or dining. For all other travel purchases, you get 2 points for every $1 and 1 point per purchase.

Promotion: Cardholders who spend $4,000 within the first three months of account opening will be eligible to receive 80,000 bonus points

Annual Fee $95

The Chase Sapphire Pr(r) Card has both advantages and disadvantages. This card is ideal for those with excellent or good credit. Even if you have excellent credit, some college graduates might not be eligible.

The annual fee for this card is $95, and the first year rewards are greater than the $95 fee. To get Ultimate Rewards, you should apply for this card

See the full Chase Sapphire Preferred review for more details.

Chase Freedom Unlimited(r).

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Chase Freedom Unlimited(r) offers a unique rewards program. There are still ways to get great rewards without having to pay an annual fee.

Reward: Get 5% cashback on Chase Ultimate Rewards(r), and 3% cashback on eligible dining or drugstore purchases. All other purchases are 1.5%

1.5% Cashback Bonus on all purchases within the first year This bonus could be worth as much as $300 in cashback within the first year.

Annual Fee $0

There are advantages and disadvantages to Chase Freedom Unlimited(r). This is a great option for college students who want to save money and earn rewards. For 15 months, you’ll receive a 0% introductory interest on balance transfers and purchases. Variable APRs will apply based on creditworthiness, which can range from 15.24% to 23.99 span>

Chase Freedom Unlimited(r), offers greater flexibility than other cards when it comes to redeeming rewards. Your points can be used to redeem cash back, statement credit, gift cards or merchandise.

Secured Credit Card – Discover it(r)

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Secured cards can be purchased with Discover It(r). You will need cash to open an account. Three credit agencies also report the payments. Responsible use of this card can help improve credit scores.

Reward Earn Unlimited 1% Cashback on All Purchases

Cashback Match – Unlimited Bonus Offer – Discover will match any cash received at the end the first year.

The Discover It(r), Secured Credit Card has both benefits and drawbacks. You can still build credit by being responsible and making timely payments.

Cardholders can access their FICO credit score via their statement. This information will allow you to track your credit history over time. This feature is rare on credit cards. This can run up to $40.

Spend with the Discover it(r), Secured card to earn rewards Discover will double any rewards that you earn within the first year.

Citi Simplicity(r) Card

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Citi Simplicity (r-Card) offers a 0% intro rate for balance transfers for 21 months from the date you make the first transfer and a 12 month 0% intro for purchases, starting at account opening.

Rewards: This card is not eligible for any rewards

The card doesn’t offer any bonus

Annual Fee $0

Both benefits and drawbacks: This card can be used to consolidate your debt.

This card doesn’t offer any rewards but it can help you reduce your debts more quickly. You can also save interest.

Amazon Prime Rewards Visa Signature Card

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The Amazon Prime Rewards Visa Signature(r), Card may be worth considering if you are an Amazon Prime Member. This card is highly recommended as it offers a rate of up to 6%. There is no annual charge.

Rewards: Amazon.com Cashback or Whole Foods Market Reward for Prime Members, 2% Cashback at Restaurants and Gas Stations, and Drugstores, and 5% for all other purchases

Amazon.com Gift cards Instantly Approved

Annual Fee: $0 for Prime Membership

The Amazon Prime Rewards Visa Signature(r), Card has its advantages and disadvantages. When you shop at Whole Foods and Amazon.com, you can earn 5% back. This card is ideal for people who shop online frequently. Earn 2% at gas stations or restaurants. You can earn significant rewards with this card.

All Cardholders can be eligible for extended warranties and purchase coverage, as well as emergency assistance and travel and assistance.

You can redeem your reward points at other sites than Amazon. Reward points can be used to purchase travel, gift cards, cash back or cash back.

Credit Card Amex Everyday(r), Amex EveryDay(r)

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Consumers who use the Everyday(r), Credit Card earn 2 Membership Rewards points for every dollar they spend at U.S. supermarkets. The American Express Membership Rewards program also offers reward opportunities.

Rewards: 2 Membership Rewards points for every dollar spent in US supermarkets (1X), 2 points for trips booked through American Express Travel, and 1 point each other.

10% Discount on Qualifying Purchases Within the First 3 Months of Card Membership

Annual Fee $0

There are benefits and drawbacks to the Amex EveryDay credit card (r). This is a great choice for grocery shopping. You earn 2 Membership Rewards points for every $1 you spend at U.S. grocery stores. You will then earn 1 point for every $2. You’ll get 20% bonus rewards if you make more than 20 transactions per billing cycle.

The card doesn’t have an annual fee. The card offers a 0% intro-rate for purchases over 15 months. After that, a standard rate of 13.24%-24.24% variable APR is offered.

Capital One QuicksilverOne Credit Card

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Capital One QuicksilverOne Rewards Credit Card offers 1.5% Cashback for college graduates with average credit.

Reward: Get 1.5% Cashback for Every Purchase

The card doesn’t offer any bonus

Annual Fee $39

Benefits and drawbacks: You don’t get any cash back or bonuses, but you can earn 1.5% cashback for every purchase.

Its only problem is the high annual fee and high APR.

How to choose a credit card for a recent college graduate

When you are just graduating from college, it can be difficult to choose the right credit card. Your financial planning should be tailored to your needs and goals.

  • Before you apply for rewards credit cards, it is important to verify your credit rating. This can help you get top travel and reward card offers.
  • You can choose whether or not you would like to receive rewards, and if so, what type.
  • Compare credit cards in terms of annual fees. There are many credit cards available to college students that don’t require an annual fee.
  • Think about the benefits that you are most interested. You should look for cards that do not charge foreign transaction fees, travel protections, or any other benefit.

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