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These 4 Credit Cards Are the Best for New Graduates

Credit.com logo Credit.com 4/17/2017 Jill Krasny

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Related video: Pop Quiz: Credit Cards (Provided by Money Talks News)

With graduation around the corner, you're probably looking for ways to build up your credit. After all, it plays a big role in many financial decisions.

You could always start with a secured credit card, which is ideal for those with a thin credit file or no credit. Or you could spring for one of the cards listed here, which were designed for new graduates. Whether you want cash back rewards or no annual fees, these cards have you covered as long as you swipe wisely.


BankAmericard Travel Rewards 

best-credit-cards-for-new-grads © Credit.com Blog best-credit-cards-for-new-grads

Why We Picked It: Graduates eager to see the world will jump at the chance to earn 1.5 points for every dollar they spend. There are no blackout dates or restrictions, and points don't expire. There are also no foreign transaction fees.

Other Perks: Swipe at least $1,000 in the first 90 days, and you'll earn a 20,000-point signup bonus. Bank of America checking or savings customers can get a 10%-point bonus as well.

Annual Fee: None

APR: 0% for the first 12 months, variable 15.74% to 23.74% thereafter

Capital One Journey Student Credit Card

Students throw their caps in the air ahead of their graduation ceremony. © Dan Kitwood/Getty Images Students throw their caps in the air ahead of their graduation ceremony.

Why We Picked It: Geared toward those with average credit, this card offers access to a higher credit line after you make your first five payments on time. This card has no foreign transaction fees.

Rewards Details: With this card, grads earn 1% cash back on every purchase. If they pay on time, they can boost their rewards to 1.25% for that month.

Annual Fee: None

APR: Variable 20.74%


Citi ThankYou Preferred Card for College Students

File photo of a college student at graduation holding a diploma. © Bounce/Getty Images File photo of a college student at graduation holding a diploma.

Why We Picked It: Great rates of return and a nice signup bonus.

Rewards Details: Grads earn two points per dollar spent on dining and entertainment and one point on other purchases. Spend $500 in the first three months, and you'll receive a 2,500-point bonus.

Annual Fee: None

APR: 0% for the first seven months, variable 14.74% to 27.24% thereafter

Discover it Chrome Student Card

Focused college student studying at computer. © Getty Images Focused college student studying at computer.

Why We Picked It: This card offers one of the highest rates of return and throws in some extras.

Rewards Details: Grads earn 2% cash back on up to $1,000 in dining and gas purchases, and an unlimited 1% on everything else. At the end of your first year, Discover will match all the cash back you've earned. For those heading to grad school, the issuer offers $20 cash back each year your GPA is 3.0 or higher for up to the next five years.

Annual Fee: None

APR: 0% for the first six months, variable 13.74% to 22.74% thereafter

Before You Apply 

Remember, before you apply for any credit card it's a good idea to check the terms and conditions to make sure it's the right fit. Checking your credit is also another wise move, as you'll want to know if you're able to qualify. If the APR is too high or you struggle with making payments on time, it may be best to wait until your credit's improved to apply or open a secured credit card designed for those with average credit.

You can compare credit cards of all types at the MSN Credit Card Marketplace.

Note: It's important to remember that interest rates, fees and terms for credit cards, loans and other financial products frequently change. As a result, rates, fees and terms for credit cards, loans and other financial products cited in these articles may have changed since the date of publication. Please be sure to verify current rates, fees and terms with credit card issuers, banks or other financial institutions directly.

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