Q: What are the best credit cards if you are younger and in your 20′s?

A: Have you ever heard an older person rant that credit cards for young adults shouldn’t be aloud?  Of course you have… we all know at least one person who feels that way.

However often times the real reason they feel that way is because they used credit cards irresponsibly as a young adult, so they assume you will too. However the reality is that it’s completely unfair to stereotype all younger Americans the same way. In fact, there are tons of younger people that are more financially responsible than their parents!

The bottom line is that establishing and building credit is an important step. It needs to happen sooner or later, so if you have the self-restraint to control your spending, there’s nothing wrong with starting with a credit card as a young adult.

What to look for in a card:

• Less-Strict Approval: Since you have a short credit history, you’ll be limited in the number of cards you will actually qualify for. Fortunately for you, banks are more inclined to take the risk of someone with little to no credit history, than they are with someone that has a blemished credit history. When it comes to getting approved, the best credit cards for young adults are usually student cards (if you’re a student) or an entry-level “regular” credit card.
• Rewards: Young or old, we all deserve rewards on our spending. While it’s true most student cards are cheap when it comes to rewards, there are a couple that offer generous programs. In fact, one of Discover’s student cards has the same cashback program that’s found on their standard card.
• Benefits: Depending on your lifestyle, benefits are something else to consider.
• Annual Fee: Generally a no annual fee card is best, unless you want the premium benefits offered on a fee-based card.
• Interest Rate: It’s strongly suggested to not carry a balance, however if you do, make sure you pay attention to the interest rate.

The Best Credit Cards For Young Adults (sponsored)
Which ones does Credit Card Forum think are best? Here are the top two…

Discover Student Card
This card is ideal for college students because it has no annual fee and offers up to 5% cash back (the best rewards program out there). To learn more check out our Discover More card review

Zync by American Express
This happens to be a charge card – that means your bill has to be paid in full each month. As an American Express, it offers premium benefits and rewards you won’t find on any other card. For those who feel they may be tempted to get into debt, this is the perfect choice because you won’t be tempted to spend more than you can pay. According to user reviews, students and young adults seem to have great odds for getting approved. Check out our American Express Zync Card review to find out the details.