Many millennials, according to a study, prefer to pay cash or with debit cards, because they fear debt. However, they could be missing on many credit card benefits, such as cash back and travel rewards. If used correctly, credit cards can be excellent tools.
These are the best credit cards for millennials:
Uber Credit Card
With the Uber credit card users will earn 4% cash back on dining, 3% back on hotels and airfare, 2% back on online purchases and 1% on all the other purchases. There’s a sign-up bonus of 10,000 points after spending at least $500 on purchases within the first three months of account opening. It’s also perfect for frequent travelers since there are no foreign transaction fees. All of that with no annual fees.
Chase Sapphire Preferred Credit Card
This card offers 50,000 bonus points after spending at least $4,000 within the first three months of account opening. Holders will also benefit from 2x more points with travel and dining purchases. There are many redemption options such as United, Hyatt, and Mariott. Chase Sapphire Preferred also provides many travel benefits like trip delay insurance, primary car rental insurance, and they don’t charge foreign transaction fees.
Chase Slate
Chase offers a $0 introductory balance transfer fee for the first 60 days after you open your account. There’s also a 0% intro APR period on purchases and balance transfers, which lasts for 15 months. You can check your FICO credit score for free each month. Holders don’t pay annual fees to use this credit card.
Citi Double Credit Card
Credit card holders earn 2% cash back on their purchases: 1% when they buy plus 1% as they pay. There’s a 0% Intro APR on balance transfers that lasts for 18 months. There are no categories to track no caps on cash back. Users don’t pay annual fees.
Blue Delta SkyMiles American Express
You’ll be offered 10,000 bonus points after spending at least $500 in purchases within the first three months of account opening. With this credit card, you’ll earn 2x miles at restaurants and 1x mile on other eligible purchases. If you get this card, you’ll save 20% on in-flight purchases. There are no annual fees to get this card.
Amazon Prime Signature
Do you have an Amazon Prime membership? This card might be an interesting choice for you. You’ll get a $70 Amazon gift card soon after approval. With Amazon Prime Signature you’ll get 5% back at Amazon
2% back at gas stations, restaurants and drugstores, and 1% back on all other purchases. Holders don’t pay foreign transaction fees.
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