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
@DevOpsSummit at Cloud taking place June 6-8, 2017, at Javits Center, New York City, 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. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long developm...
@ThingsExpo has been named the Top 5 Most Influential Internet of Things Brand by Onalytica in the ‘The Internet of Things Landscape 2015: Top 100 Individuals and Brands.' Onalytica analyzed Twitter conversations around the #IoT debate to uncover the most influential brands and individuals driving the conversation. Onalytica captured data from 56,224 users. The PageRank based methodology they use to extract influencers on a particular topic (tweets mentioning #InternetofThings or #IoT in this ca...
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend @CloudExpo | @ThingsExpo, June 6-8, 2017, at the Javits Center in New York City, NY and October 31 - November 2, 2017, Santa Clara Convention Center, CA. Learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
Bert Loomis was a visionary. This general session will highlight how Bert Loomis and people like him inspire us to build great things with small inventions. In their general session at 19th Cloud Expo, Harold Hannon, Architect at IBM Bluemix, and Michael O'Neill, Strategic Business Development at Nvidia, discussed the accelerating pace of AI development and how IBM Cloud and NVIDIA are partnering to bring AI capabilities to "every day," on-demand. They also reviewed two "free infrastructure" pr...
DevOps and microservices are permeating software engineering teams broadly, whether these teams are in pure software shops but happen to run a business, such Uber and Airbnb, or in companies that rely heavily on software to run more traditional business, such as financial firms or high-end manufacturers. Microservices and DevOps have created software development and therefore business speed and agility benefits, but they have also created problems; specifically, they have created software securi...
Almost two-thirds of companies either have or soon will have IoT as the backbone of their business. Though, IoT is far more complex than most firms expected with a majority of IoT projects having failed. How can you not get trapped in the pitfalls? In his session at @ThingsExpo, Tony Shan, Chief IoTologist at Wipro, will introduce a holistic method of IoTification, which is the process of IoTifying the existing technology portfolios and business models to adopt and leverage IoT. He will delve in...
In the enterprise today, connected IoT devices are everywhere – both inside and outside corporate environments. The need to identify, manage, control and secure a quickly growing web of connections and outside devices is making the already challenging task of security even more important, and onerous. In his session at @ThingsExpo, Rich Boyer, CISO and Chief Architect for Security at NTT i3, will discuss new ways of thinking and the approaches needed to address the emerging challenges of securit...
As cloud adoption continues to transform business, today's global enterprises are challenged with managing a growing amount of information living outside of the data center. The rapid adoption of IoT and increasingly mobile workforce are exacerbating the problem. Ensuring secure data sharing and efficient backup poses capacity and bandwidth considerations as well as policy and regulatory compliance issues.
In his session at 20th Cloud Expo, Chris Carter, CEO of Approyo, will discuss the basic set up and solution for an SAP solution in the cloud and what it means to the viability of your company. Chris Carter is CEO of Approyo. He works with business around the globe, to assist them in their journey to the usage of Big Data in the forms of Hadoop (Cloudera and Hortonwork's) and SAP HANA. At Approyo, we support firms who are looking for knowledge to grow through current business process, where even...
The emerging Internet of Everything creates tremendous new opportunities for customer engagement and business model innovation. However, enterprises must overcome a number of critical challenges to bring these new solutions to market. In his session at @ThingsExpo, Michael Martin, CTO/CIO at nfrastructure, outlined these key challenges and recommended approaches for overcoming them to achieve speed and agility in the design, development and implementation of Internet of Everything solutions with...
One of the hottest areas in cloud right now is DRaaS and related offerings. In his session at 16th Cloud Expo, Dale Levesque, Disaster Recovery Product Manager with Windstream's Cloud and Data Center Marketing team, will discuss the benefits of the cloud model, which far outweigh the traditional approach, and how enterprises need to ensure that their needs are properly being met.
Cloud Expo, Inc. has announced today that Andi Mann and Aruna Ravichandran have been named Co-Chairs of @DevOpsSummit at Cloud Expo 2017. The @DevOpsSummit at Cloud Expo New York will take place on June 6-8, 2017, at the Javits Center in New York City, New York, and @DevOpsSummit at Cloud Expo Silicon Valley will take place Oct. 31-Nov. 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that Outlyer, a monitoring service for DevOps and operations teams, 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. Outlyer is a monitoring service for DevOps and Operations teams running Cloud, SaaS, Microservices and IoT deployments. Designed for today's dynamic environments that need beyond cloud-scale monitoring, we make monitoring effortless so you...
It is one thing to build single industrial IoT applications, but what will it take to build the Smart Cities and truly society changing applications of the future? The technology won’t be the problem, it will be the number of parties that need to work together and be aligned in their motivation to succeed. In his Day 2 Keynote at @ThingsExpo, Henrik Kenani Dahlgren, Portfolio Marketing Manager at Ericsson, discussed how to plan to cooperate, partner, and form lasting all-star teams to change the...
@DevOpsSummit has been named the ‘Top DevOps Influencer' by iTrend. iTrend processes millions of conversations, tweets, interactions, news articles, press releases, blog posts - and extract meaning form them and analyzes mobile and desktop software platforms used to communicate, various metadata (such as geo location), and automation tools. In overall placement, @DevOpsSummit ranked as the number one ‘DevOps Influencer' followed by @CloudExpo at third, and @MicroservicesE at 24th.