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Your College Kid’s First Credit Card
If your child is just graduating high school and ready to get their first credit card, or just looking to start building their credit for the first time, this information is for YOU!
- I only recommend they open a credit card if they are able to use it LIKE a debit card. Meaning – they are paying it off ON-TIME and IN FULL each month. Otherwise, it’s probably best to work on budgeting before we get to the rewards part of their credit earning journey! If they’re paying interest, their travel rewards aren’t free.
- I recommend they get one of these 3 NO ANNUAL FEE cards. Why? Well they need to keep this line of credit open forever. One factor that determines your credit is the length of your credit. So even if they graduate to better rewards cards in the future (and they should), they’re going to want to keep this one open with a reoccurring payment on it (think Netflix or any other random subscription they can’t live without).
- The two main purposes of this card is to establish their longest line of credit AND start them earning rewards.
Choosing your Kid’s First Credit Card
Choosing the right credit card is an important factor on your kid’s credit journey! I’d recommend choosing one of these no annual fee cards and following along at @amberonpoints on Instagram or amberonpoints.com as they REALLLLYYYY start diving in to the (fun) world of credit card rewards.
Card 1: MY PICK! Chase Freedom Unlimited®
Card 2: Chase Freedom Flex®
Card 3: Capital One VentureOne Rewards Credit Card
Amber on Points may receive a commission when you use my links to choose your next card. Thank you for supporting my small business by using my links!
Getting your college kid’s first credit card is an important part of building their credit. As a reminder, it’s imperative that they pay off their card on time and in full each month. This is the key to great credit health. Reach out with any further questions!
xoxo Amber
“For Capital One products listed on this page, some of the above benefits are provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.”
Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more. For Capital One products listed on this page, some of the above benefits are provided by Visa® or MasterCard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.
EDITORIAL NOTE:
Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, hotel, airline or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included with the post.
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Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more. For Capital One products listed on this page, some of the above benefits are provided by Visa® or MasterCard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.
EDITORIAL NOTE:
Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, hotel, airline or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included with the post.
