When it comes to spending, millennials don’t skimp on three things: travel, restaurants, and events. In fact, in recent Harris Poll, 78% of millennials said they would rather spend money on entertainment than buying things. It doesn’t mean they don’t like to shop, but when they do, they value convenience online shopping above all and get rewarded for it maximize your savings.
The credit cards featured on this list offer generous rewards for everyday purchases like groceries, gas, and streaming services, in addition to drool-worthy signup bonuses and introductory offers that cater to the millennial lifestyle.
Capital One Venture Rewards Credit Card
If you love shopping and traveling, Capital One Venture Rewards Credit Card For you. This card offers a signup bonus of 60,000 miles (equivalent to $600 in travel) after you spend $3,000 on purchases during the first three months.
The card is best known for earning unlimited miles per dollar on all purchases, as well as a 60,000 miles signup bonus when you spend $3,000 on purchases within the first three months. Cardholders can also earn 5x more miles for every dollar spent on hotels and car rentals booked through Capital One Travel.You can use your card anywhere in the world.
Other benefits include first-class access to bookings at exclusive first-class restaurants across the country and pre-sales for concerts, festivals, games and other events.
- Introductory ATP: N/A
- Balance Transfer Fee: $0 this month of transfer.
- Regular pa: 16.24% – 24.24% (variable).
- Annual fee: 95 dollars.
- Loan required: Good/Excellent (750+)
- Registration Bonus: 60,000 bonus miles when you spend $3,000 on purchases within the first 3 months of opening an account.
- Awards: 2x more miles for every dollar spent on all purchases.
- Unique features: Get up to $100 credit on Global Entry or TSA Pre✓.
Related: Capital One Venture Review
Pursuit of Unlimited Freedom®
Pursuit of Unlimited Freedom® this is truly the best reward card. Cardholders receive 5% cashback on trips booked with Chase Ultimate Rewards® in addition to 3% cashback on restaurant meals (including takeout and delivery). Finally, you also get 3% cash back on pharmacy purchases and 1.5% on all other purchases.
As an added bonus, you’ll receive an additional 1.5% cashback on all of these spending categories on your first $20,000 spent in your first year!
For a card with no annual fee, the benefits of Chase Freedom Unlimited® are generous, especially for budget-conscious millennials looking to maximize their savings.
- Introductory yearA: 0% on purchases within 15 months.
- Balance Transfer Fee: $0 this month of transfer.
- Regular pa: 14.99% – 23.74% (variable).
- Annual fee: $0.
- Loan required: Good/Excellent (750+)
- Registration Bonus: Earn an additional 1.5% on all purchases you make during the first year up to $20,000.
- Awards: Get 5% cashback on rides booked with Chase Ultimate Rewards®, 3% cashback on restaurant and pharmacy purchases, and 1.5% cashback on all other purchases.
- Unique features: You don’t need to reach a minimum to use your points, and you also get up to 120 days of damage or theft protection on all new purchases (restrictions apply).
Related: Chase Freedom Unlimited® review
Chase Sapphire Preferred® Card
That Chase Sapphire Preferred® Card perfect for busy millennials who value convenience and comfort above all else, but who firmly believe that travel expands their horizons.
That’s why.
If you love to exercise at home, Chase Sapphire Preferred® will give you 5x points on trips purchased through Chase Ultimate Rewards®, 3x points on every online grocery order, 3x points on dinner out home or takeaway, and 3x more on some streaming services. .
Finally, the Chase Sapphire Preferred® card is competitive when it comes to the welcome bonus. New cardholders can earn 60,000 Reward Points by spending $4,000 within the first 3 months of opening an account. This is equivalent to $750 per trip when paid through Chase Ultimate Rewards® or $600 in cash. Plus, you can earn 2x points on all other travel purchases and 1 point for every dollar spent on other purchases.
- Introductory ATP: N/A.
- Balance Transfer Fee: Either $5 or 5% of each transfer, whichever is greater.
- Regular pa: 15.99%-22.99% Variable both for purchases and balance transfers.
- Annual fee: 95 dollars.
- Loan Required: Good/Excellent (750+).
- Registration Bonus: 60,000 Bonus Points (worth $750 travel credits when redeemed for Chase Ultimate Rewards® or $600 Cashback) after you spend $4,000 within the first three months.
- Awards: 5x points on trips purchased through Chase Ultimate Rewards®, 3x points on meals, online groceries and select streaming services, 2x points on all other travel purchases, and more.
- Unique features: No fees for foreign transactions; receive 15,000 bonus points for each approved referral.
Related: Chase Sapphire Preferred® Review
Citi® Dual Cash Card
That Citi® Dual Cash Card it is an outstanding balance transfer card that also rewards your good financial habits with its unique reward system.
Here’s how it works:
Instead of paying a fixed percentage for purchases, Citi pays 1% for purchases and 1% for payments you make with the card.
So, for example, if you withdraw $1,000 a month from your card, you will receive $10 in cash back. But if you pay the balance in full, you’ll get another $10. This is a good incentive to get you to return what you buy, intending to take advantage of the rewards.
But the most infamous feature of this card is that it comes with an introductory 0% APR on balance transfers for a full 18 months.
- Introductory ATP: 0% on balance transfers for 18 months.
- Balance Transfer Fee: An initial balance transfer fee of 3% applies to each transfer (minimum $5) if completed within the first 4 months of account opening. After that, the commission will be 5% for the transfer (5 min.).
- Regular pa: 14.24% – 24.24% (variable).
- Annual fee: $0.
- Loan Required: Good Excellent.
- Registration Bonus: N/A.
- Awards: Earn 2% on every purchase; 1% cashback on purchases plus an additional 1% on those purchases.
- Unique features: Rewards can be exchanged for statements or checks; free monthly credit score.
Related: Citi® Double Cash Card vs. Chase Freedom Unlimited®
Discover® Cash Back
If you are looking for a card that will allow you to get the most out of your everyday shopping – Discover® Cash Back you covered. This card gives you 5% cashback in select categories every quarter including groceries, restaurants, gym memberships, gas stations and select retailers like Amazon and Target. Activation required and maximum spending per quarter is $1,500.
You also receive 1% cashback on all other purchases and 0% introductory APR on all purchases and balance transfers for the first 15 months.
One of the great things about this card is that instead of giving you an upfront bonus, Discover matches 100% of your rewards for the first year – no limits.
Finally, Discover rewards those with excellent credit history with one of the lowest starting annual interest rates on the market, as low as 11.99%, and does not charge any annual fees.
- Introductory ATP: 0% introductory annual interest rate on purchases and balance transfers for the first 15 months.
- Balance Transfer Fee: 3% initial balance transfer fee for transfers sent before 06/10/22, then 5% commission for all other balance transfers.
- Regular pa: 11.99% – 22.99% Variable.
- Annual fee: $0.
- Loan Required: Good/Excellent (700+).
- Registration Bonus: Cashback will be balanced at the end of the first year.
- Awards: 5% back on quarterly changing merchant categories such as gas stations, grocery stores, and restaurants; 1% cashback on all other purchases. The maximum expense is $1,500 per quarter and activation is required.
- Unique features: Redeem rewards in cash at any time; the absence of late fees for the first payment and late payment will not increase your annual interest; no commission for an international transaction; free FICO credit score.
Related: Discover it® Cash Back Review
Summary
While the list of credit cards above has been compiled with millennials in mind, finding the one that’s right for you will depend on your specific needs.
For example, if your goal is to consolidate and pay off debt faster, then the Citi® Double Cash Card might be a good option to explore as it offers the longest initial 0% annual interest rate on all purchases and balance transfers. Have a travel hunting bug? You can consider Capital One Venture or Chase Sapphire Preferred® cards. But if you’re looking for a card that rewards you for your everyday purchases, then Chase Freedom Unlimited® might be your best bet.
