Welcome!

News Feed Item

Creditnet's Best Credit Cards for Recent College Graduates

NEW YORK, NY -- (Marketwired) -- 07/18/14 -- Recent college graduates face a credit conundrum. They need to get a credit card to start building up their credit history, because that way they can get loans, rent properties, and get jobs. However, the fact that their only credit history is their student loans, if they have any, means that they do not have access to the best credit cards. Banks will not risk lending money to young students with nothing more than big loans to their name. As a result, students and recent graduates need to do a little research to discover which cards are the best for them to get started.

Creditnet, an online expert which researches credit cards and collects useful credit information for the public, has compiled a list of the three best credit cards for young graduates. Getting one of these cards is a useful way to start a favorable credit history:

1. Discover it chrome

First of all, the Discover it chrome has two different properties that make it great for college grads. It has no annual fee, and it has a zero introductory APR. That means that for either six or 14 months, there is no interest charged on the balance. One version of the card features six months of no interest on purchases and 18 months of no interest on balance transfers, while the other has 14 months on zero APR for both purchases and balance transfers. Creditnet recommends the second type, as college graduates are unlikely to need large balance transfers. The Discover it chrome also gives the holder access to Discover perks, such as free access to their credit score, a one-time waiver for late fees, and no penalty rates for missed payments. The rewards program yields two percent cash back on restaurants and gas stations up to $1000 per quarter, which is a good bonus.

2. Citi Simplicity

The Citi Simplicity credit card is notable for the ease of use of the card. It is meant to be an introductory card, so the limit might be as low as $500, but the perks are perfect for first-time card holders. First of all, there is no annual fee and a zero APR on purchases and balance transfers for 18 months. On top of that, there is no penalty APR for missing payments and there are no late fees at all, unless a payment is returned. The Citi lets the holder pick their due date and do all their necessary banking online. As far as special Citi perks, the Simplicity also has access to the Citi Price Rewind, which refunds the price difference if a recently bought item drops in price by more than $25. The Simplicity has a great set of perks for college graduates just looking to get started with credit cards.

3. Barclaycard Arrival World Mastercard

The Barclaycard Arrival is a travel-oriented card with a good rewards system on top of no annual fee. Travel purchases and restaurants earn 2 miles per dollar, which is comparable to a 2 percent cash back program. All other purchases earn 1 percent. The unique benefit of the Arrival is the "signup bonus" of 20,000 miles, or $200, after spending $1,000 in the first three months. This is essentially a free $200 for normal use of the card, and coupled with the lack of an annual fee, makes the Barclaycard Arrival attractive. For graduates who expect to do a lot of traveling, getting the Arrival will also open the door to the Arrival Plus, which is the next level up from the Arrival and has a much more robust rewards system for travel.

These three cards all have unique benefits, but the common thread is a lack of annual fees and a lenient late payment policy, as well as the opportunity to graduate to better cards. Building credit is an important part of personal finance, and with these cards, college graduates will be well-equipped to get better credit cards as well as better rates on car and home loans in the future.

About Creditnet:

Creditnet is an authority credit card comparison site that offers innovative comparison tools to help users find the best credit card for their needs. In addition, the Creditnet Credit Talk Forum is a community of over 100,000 members that discuss credit cards, credit, debt, and credit repair daily.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
SYS-CON Events announced today that Dataloop.IO, an innovator in cloud IT-monitoring whose products help organizations save time and money, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Dataloop.IO is an emerging software company on the cutting edge of major IT-infrastructure trends including cloud computing and microservices. The company, founded in the UK but now based in San Fran...
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.
Discover top technologies and tools all under one roof at April 24–28, 2017, at the Westin San Diego in San Diego, CA. Explore the Mobile Dev + Test and IoT Dev + Test Expo and enjoy all of these unique opportunities: The latest solutions, technologies, and tools in mobile or IoT software development and testing. Meet one-on-one with representatives from some of today's most innovative organizations
WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web communications world. The 6th WebRTC Summit continues our tradition of delivering the latest and greatest presentations within the world of WebRTC. Topics include voice calling, video chat, P2P file sharing, and use cases that have already leveraged the power and convenience of WebRTC.
SYS-CON Events announced today that Super Micro Computer, Inc., a global leader in Embedded and IoT solutions, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 7-9, 2017, at the Javits Center in New York City, NY. Supermicro (NASDAQ: SMCI), the leading innovator in high-performance, high-efficiency server technology, is a premier provider of advanced server Building Block Solutions® for Data Center, Cloud Computing, Enterprise IT, Hadoop/Big Data, HPC and E...
Hardware virtualization and cloud computing allowed us to increase resource utilization and increase our flexibility to respond to business demand. Docker Containers are the next quantum leap - Are they?! Databases always represented an additional set of challenges unique to running workloads requiring a maximum of I/O, network, CPU resources combined with data locality.
WebRTC sits at the intersection between VoIP and the Web. As such, it poses some interesting challenges for those developing services on top of it, but also for those who need to test and monitor these services. In his session at WebRTC Summit, Tsahi Levent-Levi, co-founder of testRTC, reviewed the various challenges posed by WebRTC when it comes to testing and monitoring and on ways to overcome them.
Internet of @ThingsExpo, taking place June 6-8, 2017 at the Javits Center in New York City, New York, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @ThingsExpo New York Call for Papers is now open.
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain. In this power panel at @...
"This week we're really focusing on scalability, asset preservation and how do you back up to the cloud and in the cloud with object storage, which is really a new way of attacking dealing with your file, your blocked data, where you put it and how you access it," stated Jeff Greenwald, Senior Director of Market Development at HGST, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
SYS-CON Events announced today that Catchpoint Systems, Inc., a provider of innovative web and infrastructure monitoring solutions, has been named “Silver Sponsor” of SYS-CON's DevOps Summit at 18th Cloud Expo New York, which will take place June 7-9, 2016, at the Javits Center in New York City, NY. Catchpoint is a leading Digital Performance Analytics company that provides unparalleled insight into customer-critical services to help consistently deliver an amazing customer experience. Designed ...
WebRTC services have already permeated corporate communications in the form of videoconferencing solutions. However, WebRTC has the potential of going beyond and catalyzing a new class of services providing more than calls with capabilities such as mass-scale real-time media broadcasting, enriched and augmented video, person-to-machine and machine-to-machine communications. In his session at @ThingsExpo, Luis Lopez, CEO of Kurento, introduced the technologies required for implementing these idea...
"A lot of times people will come to us and have a very diverse set of requirements or very customized need and we'll help them to implement it in a fashion that you can't just buy off of the shelf," explained Nick Rose, CTO of Enzu, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Buzzword alert: Microservices and IoT at a DevOps conference? What could possibly go wrong? In this Power Panel at DevOps Summit, moderated by Jason Bloomberg, the leading expert on architecting agility for the enterprise and president of Intellyx, panelists peeled away the buzz and discuss the important architectural principles behind implementing IoT solutions for the enterprise. As remote IoT devices and sensors become increasingly intelligent, they become part of our distributed cloud enviro...
Containers have changed the mind of IT in DevOps. They enable developers to work with dev, test, stage and production environments identically. Containers provide the right abstraction for microservices and many cloud platforms have integrated them into deployment pipelines. DevOps and containers together help companies achieve their business goals faster and more effectively. In his session at DevOps Summit, Ruslan Synytsky, CEO and Co-founder of Jelastic, reviewed the current landscape of Dev...