Best Credit Cards for Young Professionals

Young professionals have their own set of responsibilities, aspirations, and financial challenges. Most of them suffer from debts taken as student loans, some face issues with debts taken for venturing into a new business, some for their holiday requirements, and some take for fulfilling their high aspirations without knowing the drawbacks of the racking up debt. Under all scenarios, the best option is to have a credit card with the best of benefits and rewards while, but you gain maximum profits only if you used the card wisely. On the other hand, if not put into consideration the wise use, excessive debts will pressurize you.

Here are the top 5 credit cards for young professionals:

Citi Double Cash Card

Annual Fee: $0
Intro APR: 0%
Balance Transfer Fee: $5 or 3%
Reward Rate: 2% for all purchases

The Citi Double Cash Card is an aspiring flat-rate reward credit card that offers 2% cash back on all purchases made using the card. This 2% reward rate divides into two segments, 1% you earn when you make the purchase and the other 1% you earn when you make the payment for the purchase. There is no annual fee, no enrollment, and no restriction on shopping for specific categories. Moreover, for 18 months the intro APR is 0% and further to that it varies from 15.49%–25.49%.

Wells Fargo Propel American Express Card

Annual Fee: $0
Intro APR: 0%
Balance Transfer Fee: 14.49%
Reward Rate: 3% for specific categories, 1% for other purchases

Wells Fargo assures to be the best card for young professionals having diverse categories of expenditure habits. The card offers 3 points on every dollar spent at gas stations, transit, hotels, flights, and various streaming services whereas 1 point per dollar on all the remaining purchases. Moreover, you earn a welcome bonus of 30,000 points if you make an expenditure of $3,000 within the first three months of account opening — the same points you can conveniently redeem at various sectors including gift cards, charity, travel, and more.

Chase Sapphire Preferred Card

Annual Fee: $95
Intro APR: 0%
Balance Transfer Fee: 5%
Reward Rate: 2% on all purchases

This seems to be a perfect card for new comes venturing into the financial markets. If you are more into traveling and exploring places across the world for either personal or professional reasons, this is the card for you. The card offers you 2 points on every dollar spent at various hotels and restaurant. You also earn a welcome of 50,000 if you make an expenditure of $4000 within the first three months of account opening — the same points you can redeem for discounts at various hotels. You can also transfer the same to various partners including Singapore Airlines and British Airways.

Discover it Cash Back

Annual Fee: $0
Intro APR: 0%
Balance Transfer Fee: 0% for 18 Months and then 3%
Reward Rate: 5% on specific outlets and 1% on other purchases

Discover matches all your flexible requirements as a young professional. The card offers 5 points on every dollar spent at gas stations, restaurants, grocery stores, and Amazon website whereas 1 point on every dollar spent at all the other purchases made using the card. You can redeem these points anywhere and anytime because the points do not expire and are eligible for use at all outlets where credit cards are accepted.

Bank of America Travel Rewards

Annual Fee: $0
Intro APR: 0%
Balance Transfer Fee:
Reward Rate: 1.5% on all purchases

The card with a host of benefits offers you unlimited 1.5 points on every dollar spent using the card. It also offers a welcome bonus of 25,000 points on an expenditure of $1,000 within the first three months of account opening. You can redeem the same for travel purchases, flight bookings, vacation packages, hotel reservations, rentals, and cruises. You also earn an additional 10% points on your purchases if you are an account holder in Bank of America. The card also comes with lots of security features to ensure safe transactions.