BEST CREDIT CARDS FOR BEGINNERS

 

This video is about credit cards for beginners. John Liang, the creator of the Youtube channel John Liang recommends five credit cards that are good for beginners: Discover it, City Custom Cash, Capital One Quicksilver, Bank of America Customized Cash Rewards Card, and Chase Freedom Flex.

The most important thing to consider when choosing a beginner credit card is that it teaches you how to effectively and efficiently manage a credit card, such as making payments on time and in full. These cards typically don’t have annual fees and offer cash back or sign-up bonuses.

Here is a summary of the five cards recommended in the video:

  • Discover it: This card offers a double cash back match in the first year, which means you can earn up to 10% cash back on rotating categories. It also has no foreign transaction fees and gives you a free FICO report every month.
  • City Custom Cash: This card offers 5% cash back on your top spending category each month. It also has no foreign transaction fees and gives you a free FICO report every month.
  • Capital One Quicksilver: This card offers a 1.5% cash back on everything. It has no foreign transaction fees and offers concierge service and extended warranty.
  • Bank of America Customized Cash Rewards Card: This card offers 3% cash back on a category of your choice.
  • Chase Freedom Flex: This card offers a 200 sign-up bonus and 5% cash back on gas station spending in the first year, up to $6,000. It also offers 5% cash back on rotating categories every month.

 

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