Comments on: Credit Cards For Young Adults

By: Dan

Dan — Mon, 14 Feb 2011 21:19:31 +0000

@Jason, I had actually applied for the Preferred Rewards Gold card first, but put my application down on my coffee table and forgot about it until Amex sent me another invitation in the mail. It had to be about 3 – 4 months later.

By: Jason

Jason — Mon, 24 Jan 2011 08:39:36 +0000

@Dan how long did you wait before you got the Preferred Rewards Gold?

By: Dan

Dan — Thu, 26 Aug 2010 01:34:49 +0000

I don’t think cards for “young adults” really exist out there. The problem with many “young adults” is that they get a credit card and go wild. Hey, it’s a piece of plastic, so why not just hand it over for that $100 dress you obviously can’t afford. My parents brought me up to be very good with my money. They understand that you need to have enough money in your bank account to pay off your bills, because if you don’t, you’ll get into debt and then spend the rest of your life trying to pay off that debt, while in the meantime, probably going more into debt. I’ve applied for many and have never been denied, a credit card. It goes with having an excellent credit score above 760. I have a Zync card. It was my first American Express card. I then applied for a Preferred Rewards Gold card and was approved. I have a Chase Sapphire card as well.

By: Travis

Travis — Tue, 13 Jul 2010 01:20:00 +0000

I have Zync from American Express, I love it. I recommend it for anyone who doesn’t trust themselves with a credit card, but wants to build credit. I have been gawked by friends, due to there being better card offers out there. However I watched my parents battle that slippery slope for most of their lives, and I know it’s better to avoid that stress all together. I have a Visa for emergencies and it stays with my passport, not my wallet! Personally I think more students should have charge cards with limits, it allows students to have the freedom of credit, however it also requires them to pay their balance if they want to continue using their cards. With the average students credit card balance just under $4,000!, at a interest rate anywhere from 16-22% doesn’t make for a pretty picture anyway you cut it. In my opinion at $25 a year and the service & benefits of an American Express, can it be beat?

By: Eric

Eric — Mon, 19 Apr 2010 08:40:35 +0000

I’m not sure if there’s really an explicit credit card market for “young adults.” When I was younger, I applied for and got regular credit cards that any older adult would get, like a Starwood card.