Q: I am 24, I work full time, I have never had a credit card. I want a credit card that will have no annual fee and give me rewards back.
Q: I am 24 years old, I work full time, I have never had a credit card. I use a debit card for my purchases and I want a credit card that will have no annual fee and give me rewards back. I plan to pay on time and in full every month. What is the best card for me?
A: Your limited credit history might keep you from landing the very best credit card deals on the market, but our database does list a few no-annual-fee cards that still offer rewards.
Although the analysts at Mintel Comperemedia have told reporters that they're seeing a resurgence in rewards credit cards, many of those offers carry annual fees. Banks aren't so willing to subsidize your freebies on just the interchange fees they'll earn from merchants. Nor do they expect newly frugal Americans to lapse into delinquencies that generate high finance charges. Scoring a no annual fee card with rewards usually requires a little brand loyalty. Consider cards from Discover, Capital One or Citi. If you can't qualify for one of these rewards credit cards with your current credit score, try applying for a card with a minimal annual fee.
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