The Best Credit Cards for Recent College Grads: Low Fees & Awesome Perks

If you're a new grad, these credit cards provide easy approval and generous rewards.
Last updated Sep 17, 2020 | By Christy Rakoczy
New college grad with diploma

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As a new college graduate, it can be difficult to get approved for top cash back credit cards or the best travel cards because you may not have a long credit history yet, which will likely be reflected in your credit score. You may also not be making enough yet — or not have worked at your job long enough — to get approved for competitive credit cards with high credit limits.

But just because you may not be a perfect customer yet doesn't mean that there aren't great credit cards out there that provide you with cardholder perks you'll love. In fact, there are plenty of rewards cards you should be able to qualify for even if you're just out of college.

Here are a few of the best credit cards for a recent college grad — and the cardholder perks that come with them.

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What’s the best credit card for a recent college grad?

When you're looking for the best credit cards for a recent college graduate, there are a few key features to consider, including the following:

  • Affordable annual fees: Paying a high annual fee may not be worth it when you're just starting to earn a good income and become financially independent.
  • A low APR: If you're graduating with credit card debt, a balance transfer card with a 0% promotional APR on balance transfers could allow you to reduce the cost of your debt. A card with a 0% promotional APR on purchases could give you the chance to buy the essentials for post-grad life and pay for them over time without incurring interest costs.
  • A card that's easy to get approved for: While some new graduates have a strong credit history already and have a good income, many don't. If you don't have a high credit score or a job that pays a lot, you may not yet be able to qualify for the most competitive rewards cards.
  • Rewards that match your lifestyle: Ideally, you can find a card that provides bonus rewards for the things you buy often. For many new grads, this means finding a card that provides bonus cash back, miles, or points for ridesharing, groceries, or travel.

Search for a card that you can qualify for and that offers the key features that provide the most value. And try to avoid carrying a balance and paying credit card interest, as interest on any card except a 0% APR card is likely to cost a lot.

Card Reward details Annual fee Recommended credit score
Discover it Secured Earn 2% cash back on purchases at restaurants and gas stations (up to $1,000 quarterly), and 1% cash back on all other purchases $0 Fair, Bad
Capital One® QuickSilverOne® Cash Rewards Earn unlimited 1.5% cash back on every purchase $39 Fair
Uber Visa Card Earn 5% cash back on Uber, Uber Eats, and JUMP (except purchases of Uber Cash and Uber gift cards); 3% cash back at restaurants, bars, hotels, vacation rentals, and airfare; and 1% cash back on all other purchases $0 Excellent, Good
Journey® Student Credit Card from Capital One® 1% cash back on all purchases and 1.25% cash back each month you make an on-time monthly payment $0 Fair
Citi Double Cash up to 2% cash back on all purchases: 1% as you buy and 1% as you pay $0 Excellent

Discover it Secured

The Discover it Secured Card is the perfect choice for recent grads who don't have any credit history or whose credit history is so limited that it's not possible to qualify for an unsecured card.

With the Discover it Secured Card, you put down a refundable security deposit equal to your credit limit. Start using the card for small purchases and paying them off to develop a positive payment history. The best part? You earn cash back for your regular spending.

Key features of the Discover it Secured include:

  • $0 annual fee
  • A free FICO score so you can track your progress at improving credit
  • Earn 2% cash back on purchases at restaurants and gas stations (up to $1,000 quarterly), and 1% cash back on all other purchases
  • Discover matches all your cash back earned in your first year as a cardholder
  • A refundable security deposit equal to your credit limit — and Discover will convert your card to an unsecured card once you establish good credit so you don't have to close the old account and lose your credit history

Capital One QuickSilverOne Cash Rewards

The Capital One QuickSilverOne Cash Rewards card comes with a small annual fee of $39; however, it also provides unlimited 1.5% cash back on every purchase. This card is ideal for new grads who want to maximize rewards while building credit. It provides tools to help you improve your credit score and you will be automatically considered for a credit line increase after as few as six months.

Key features of the Capital One QuickSilverOne Cash Rewards card include:

  • Earn unlimited 1.5% cash back on every purchase
  • CreditWise, which provides access to your credit score as well as tools to help you monitor your credit and improve your score
  • Automatic consideration for a credit line increase in as few as six months
  • Rewards you can redeem for cash back at any time

Uber Visa Card

If you're graduating with good credit, the Uber Visa Card is worth considering. In addition to earning cash back on Uber rides, this card provides ample rewards for spending at restaurants, bars, and travel purchases. You can also apply for the card directly from your Uber app, which makes getting this card extremely convenient.

The key features of the Uber Visa that make it a top card for new college grads include:

  • Earn 10,000 points (valued at $100) after spending $500 in the first 90 days of opening your account
  • Get 5% back on Uber, Uber Eats, and JUMP (except purchases of Uber Cash and Uber gift cards);  3% back on restaurants, bars, hotels, vacation rentals, and airfare; and 1% back on all other purchases
  • $0 annual fee
  • Get $600 in protection for your mobile phone in case of loss or damage if you pay your phone bill with the card

Journey Student Credit Card from Capital One

The Journey Student Credit Card from Capital One is a good choice for recent grads with average credit. It’s a simple rewards card that provides bonus rewards for paying on time. With the Journey Student Credit Card from Capital One, you can not only qualify easily for credit but you will also get access to credit building tools.

Some of the key features that make this card an ideal choice for new grads include the following:

  • 1% cash back on all purchases and 1.25% cash back each month you make an on-time monthly payment
  • Automatic consideration for a credit line increase in as few as six months
  • Track your progress in improving your credit using free CreditWise tools from Capital One
  • $0 annual fee

Citi Double Cash

If you want to transfer the balance of high interest credit card debt incurred during college, the Citi Double Cash card is an excellent option. This card is also ideal if you want a simple cash back rewards program that allows you to earn generous rewards without worrying about rotating categories.

Some of the key features of the Citi Double Cash card that could make it perfect for new grads include:

  • 0% interest for 18 months
  • up to 2% cash back on all purchases: 1% as you buy and 1% as you pay
  • $0 annual fee
  • Citi Entertainment helps you get tickets to special events
  • Digital wallets make online checkout easier at participating stores, and helps protect your identity.

How to earn the most rewards

If you've just graduated, money may be tight or you may be spending a lot to establish your life as a post-grad. Earning maximum credit card rewards can help you get a little extra back for your everyday spending.

Fortunately, you have the option to maximize the credit card rewards you can earn by applying for a few different credit cards and using them strategically.

You could, for example, apply for the Uber Visa and the Citi Double Cash cards. You could then use the Uber Visa on your bonus categories, paying with that card when dining at restaurants or spending at bars to get 5% cash back. Then, you could use the Citi Double Cash to get up to 2% cash back on other purchases. You could also throw in the Discover it Secured to get 2% at gas stations plus earn the cash back match during the first year.

If you do plan to juggle multiple cards, though, be sure you can keep track of payments so you don't miss one — and pay off your balances in full at the end of the month. Interest always costs well above what you earn in rewards and negates the benefit of using a rewards card.

Why we chose these cards

We scoured credit card offers to find cards that you are likely to get approved for as a new grad and that also reward you for the spending you're most likely to do. We also looked for credit cards that were affordable; paying high annual fees often isn't worth doing when you're a new grad. Plus, you probably aren't spending thousands a month on travel to take full advantage of features such as airline lounge access that tend to come with expensive cards.

The final word on the best credit cards for recent college grads

Now you've got some good insights to help you select the best credit cards for students and recent college grads. Check these out and shop around for a card that's a good fit for your lifestyle and has a rewards program you're excited about. Just remember to spend wisely and always pay off your balance in full so you can get the best value from any rewards credit card you choose.

Easy cash back rewards

Benefits

  • 1.5% unlimited cash back on every purchase, every day
  • Consideration for a higher credit line as quickly as 6 months after account opening
  • CreditWise to monitor your credit score