Take a look at some of the best credit cards for young adults that are available on the market.
Best Credit Cards for Young Adults
Best Credit Cards for Young Adults: FAQs
Are There Any Age Restrictions for Young Adults Applying for Credit Cards?
Generally speaking, the only age requirement for young adults to apply for credit cards is that they need to be at least 18 years old — the legal age for entering into any financial contracts. Aside from this, though, certain student credit cards may have additional restrictions, like needing to enrol in college or university.
What Should I Do If I Can't Make a Credit Card Payment as a Young Adult?
Firstly, you absolutely need to let your card issuer know as soon as possible. Whether it’s late fees or penalties, ignoring the issue is ultimately going to damage your credit score. Depending on your issuer, you might have access to certain assistance programs if you’re facing financial hardships — from temporary payment arrangements to reduced interest rates.
What Is APR?
This is also known as the ‘Annual Percentage Rate’, and it’s essentially just the yearly cost of borrowing money but expressed as a percentage. Not only does this rate include the interest that’s charged on any funds you’ve borrowed, but it also covers any additional fees or finance charges that come with the card.
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