Want some free cashback or rewards on every spend? You are in the right place here are the 12 best reward credit cards for teenagers
We often take a credit card to buy something or to spend somewhere. In America, 87 percent of the total population uses credit cards for their daily transactions. Different credit cards have different facilities but in this blog, we have jotted down 16 best reward-high credit cards that will be helpful for teenagers and school and college students. These are mainly in the form of points, miles cashback, etc. All the details will be mentioned of this particular credit card along with the site to buy it.
Chase Sapphire Preferred® Card
- This is a very popular and useful credit card. It is mainly used for travel purposes.
- Need a good credit score of 670 to 750 to get this card.
- These cards give 60,000 points on spending 4000$ purchases in the first 3 months after getting this card.
- Provides 750$ in rewards from Chase’s official site
- annual fees of 95$.
- Having a variable APR of 21 to 28%.
Chase Freedom Unlimited®
- Best of 2024 in terms of travel credit cards.
- It needs a good credit score to maintain 670 to 800
- It provides 1.5% on any purchase up to 20,000$ if spent in the first year. It gives a 3000$ cash-back rewards
- Thus giving 6.5% on travel purchased through Chase Travel, 4.5% on dining and drugstores, and 3% on all other purchases.
- No annual fee
- APR(Annual percentage rate) ranges from 20 to 23%
Capital One Venture Rewards Credit Cards
- With a rating of 4.5 out of 5 stars globally it is also a considerable card for high rewards.
- The annual fee required is 95$.
- It provides points rather than cash which is 75000 on the intro. You can further change it to cash.
- The card typically offers a flat-rate rewards program, where cardholders earn a certain number of miles for every dollar spent on purchases. These miles can then be redeemed for various travel expenses, such as flights, hotels, car rentals, and more.
- Cardholders may enjoy additional travel-related perks, such as travel insurance, rental car insurance, and no foreign transaction fees. These benefits can provide peace of mind and savings when traveling domestically or abroad.
Capital One SavorOne Cash Rewards Credit Card
- It is the best credit card for dining.
- 0 annual fee charge
- Require a very good credit score of 690 to 850 to avail of these benefits.
- The card gives $200 Cash Back after you spend $500 on purchases within 3 months from account opening
- This card has an APR rate of 19.99% – 29.99.
- Sign-up BONUS: Like many credit cards, the SavorOne card often provides a signup bonus to new cardholders who meet a minimum spending requirement within the first few months of account opening. This bonus can vary, but it’s designed to provide an incentive for new customers to sign up.
Wells Fargo Active Cash® Card
- The Active Cash® Card offers unlimited cash-back rewards on all eligible purchases. Cardholders typically earn a flat-rate cash-back percentage on their spending.
- 0$ Annual fee for maintenance.
- They give an intro offer of 200$ transactions.
- Wells Fargo may offer an introductory APR period for purchases and balance transfers for new cardholders, allowing them to benefit from a lower interest rate during this period.
- It provides a 2%cash back.
Chase Sapphire Reserve®
- This card has a US rating of 4.2 stars.
- Required outstanding credit score of 700 to 800 which is very tough to achieve.
- They give 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That’s $900 toward travel when you redeem through Chase Ultimate Rewards®only.
- Annual fee of 550$
- These credit cards have an APR of 22.49%-29.49% Variable.
Discover it® Cash Back
- This credit card got a handful of 4.9 stars out of 5 in the US alone.
- They got a 0$ annual fee charge on use with a guarantee of 1 to 5% cashback.
- Regardless of the category, all other purchases earn 1% cash back.
- There may be a quarterly cap on the amount of spending that qualifies for the 5% cash-back rate. Once you reach this cap, any additional spending in the bonus categories will earn 1% cashback. These categories often include popular spending areas such as grocery stores, gas stations, restaurants, and more.
U.S. Bank Cash® Visa Signature Credit Cards
- This card also needs a 0$ annual fee charge which is very affordable.
- They provide an intro offer of 200$ on sign-up.
- Depending on the category and the card’s current promotions, the cash-back rates typically range from 1% to 5%. For example, you may earn 5% cash back on eligible purchases in rotating categories and 2% cash back at gas stations, grocery stores, or dining establishments.
- There may be limits or caps on the amount of spending that qualifies for the higher cash-back rates. Once you reach these limits, additional spending may earn a lower cash-back rate or no cash-back at all.
- US rating of 4.3.
- Outside of the bonus categories, the card usually offers a base cash-back rate, often around 1%.
Chase Freedom Flex card
- Depending on the category and the card’s current promotions, the cashback rates usually range from 1% to 5%. For example, you may earn 5% cashback on eligible purchases in rotating categories and 1% cashback on all other purchases.
- Intro offer of 200$
- The Chase Freedom Flex credit cards typically does not have an annual fee, making it attractive for those looking to maximize rewards without additional costs.
- Cashback rewards can usually be redeemed in various ways, including statement credits, direct deposits into a bank account, or for travel, gift cards, and merchandise through the Chase Ultimate Rewards program.
US Go Visa signature credit cards
- The card usually provides rewards on specific categories such as dining, takeout, food delivery, grocery stores, gas stations, and streaming services. These categories may vary and are often designed to cater to everyday spending habits.
- Depending on the category, the card typically offers rewards ranging from 1 point per dollar spent to higher rates, such as 2 or 3 points per dollar spent. For example, you may earn 4 points per dollar on dining, 2 points per dollar on groceries, and 1 point per dollar on other purchases.
- They give 20,000 points on signing up.
- The U.S. Bank Altitude® Go Visa Signature® Card usually does not have an annual fee, making it attractive for those looking to earn rewards without additional costs.
- Redemption Options: Rewards points can typically be redeemed in various ways, including statement credits, cash back, travel rewards, gift cards, merchandise, and more.
Bilt World Elite Mastercard Credit Cards
- 4 out of 5 stars rating for cards with good cashback and rewards.
- The card usually earns points on various categories of spending, including rent payments, utilities, and more. The earning structure may vary, with different categories earning different point values per dollar spent.
- Some versions of the card may not have an annual fee, making it attractive for those looking to earn rewards without additional costs.
- As a World Elite Mastercard® holder, cardholders may also have access to additional perks such as airport lounge access, complimentary hotel upgrades, and exclusive experiences.
- Cardholders may have access to various travel benefits, such as travel insurance, rental car insurance, concierge services, and more.
Citi Double Cash Credit Card
- The card usually offers cashback rewards on all purchases, with a unique structure:
- Cardholders earn 1% cashback when they make purchases.
- They earn an additional 1% cashback when they pay off those purchases, effectively totaling 2% cashback on all purchases.
- The Citi Double Cash® Card typically does not have an annual fee, making it attractive for those looking to earn rewards without additional costs.
- While the card may not offer traditional signup bonuses, some versions may provide promotional APR periods for balance transfers or purchases.
- Cashback rewards earned with the Citi Double credit Cards can usually be redeemed for statement credits, checks, gift cards, or converted to ThankYou Points if the cardholder also holds a Citi ThankYou rewards card.
So every credit card has its way of providing cash back and offers. You should choose the credit card mentioned above with the needs your work will fulfill.