The Ultimate Guide to Credit Cards
Thursday, July 2, 2020

21 Best Credit Cards for Millennials in 2020

21 Best Credit Cards for Millennials in 2020

credit card advice

Brittney Mayer
By: Brittney Mayer
Updated: November 21, 2019
Advertiser Disclosure

Although the media likes to portray millennials as youngsters who live on their phones, that image needs to grow up — because those millennials certainly have.

In fact, most millennials are well into their twenties, with the older faction of the generation pushing 40. Yes, all the millennials are now full-fledged adults, with all the trappings that implies — like credit cards.

While millennials are growing up, their adult lifestyles reflect their coming of age in a digital world — and so, too, should their credit cards.

Overall | Mobile Payments | Ride-Sharing | Dining | Travel | Online Shopping | Entertainment

Best Overall Credit Cards for Millennials

If you’re going to have a single credit card in your wallet, then you’d better make sure that card has a lot to offer. Otherwise, why waste the space? But there’s no one-size-fits-all credit card.

Picking the right everyday card instead comes down to picking the card that best fits your lifestyle. For example, a travel rewards card is little good if you hardly travel. So, choose the rewards type you’re most likely to redeem, and the card that will offer the most rewards where you spend the most.

1

Capital One® Savor® Cash Rewards Credit Card

This card is currently not available.

Best Overall Rating

★★★★★
N/A

OVERALL RATING

N/A
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
N/A
N/A
N/A

This card is obviously designed with the millennial lifestyle in mind, offering huge rewards on both dining and entertainment purchases. These broad categories include everything from restaurants and bars to movie tickets and live events, making them a must-have accessory for anyone looking to make the most of their experiences.

BEST OVERALL RATING

★★★★★
4.8

OVERALL RATING

4.8/5.0
  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 60,000 points are worth $750 toward travel
  • Get unlimited deliveries with a $0 delivery fee and reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass, DoorDash's subscription service. Activate by 12/31/21.
  • Earn 5X points on Lyft rides through March 2022. That's 3X points in addition to the 2X points you already earn on travel.
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
15.99% - 22.99% Variable
$95
Good/Excellent

One of the top dogs of travel rewards, this card offers 2X Ultimate Rewards® points on travel and dining purchases and unlimited 1X points on everything else. Those Ultimate Rewards® can be redeemed for travel through Chase or transferred to one of a dozen hotel and airline partners for maximum travel value.

CITI® RATING

★★★★★
4.8

OVERALL RATING

4.8/5.0
  • Earn cash back twice. Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
  • To earn cash back, pay at least the minimum due on time.
  • Balance Transfer Offer: 0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 13.99% - 23.99%, based on your creditworthiness.
  • Balance Transfers do not earn cash back.
  • If you transfer a balance, interest will be charged on your purchases unless you pay your entire balance (including balance transfers) by the due date each month.
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater.
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
0% for 18 months
13.99% - 23.99% (variable)
$0
Excellent/Good

If your spending doesn’t fit neatly into any categories — or you simply don’t want to have to keep track of where to use what card — this card’s unlimited 2% cash back is an easy way to earn on every card purchase without any hassle. So, whether you prefer to order in and binge stream the latest series, or spend a night on the town hitting the latest hot venues, this card can help you get cash back on every purchase.

Credit Cards with Bonuses for Mobile Wallet Purchases

An easy way to make purchases sans wallet, mobile wallets are just that: a way to use your phone as your wallet.

Whether you use Apple Pay, Chase Pay, or Masterpass — or any of the other half-dozen apps — you may be able to get an extra boost on your rewards by using the right credit card when you tap and go.

BEST OVERALL RATING

★★★★★
5.0

OVERALL RATING

5.0/5.0
  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
  • Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories each quarter!
  • Unlimited 1% cash back on all other purchases - it's automatic
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 14.99 - 23.74%.
  • 3% intro balance transfer fee when you transfer a balance during the first 60 days your account is open, with a minimum of $5.
  • No annual fee
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% Intro APR on Purchases 15 months
0% Intro APR on Balance Transfers 15 months
14.99% - 23.74% Variable
$0
Good/Excellent

While this card doesn’t offer year-round mobile wallet bonus rewards, Chase Pay and other popular mobile wallet services have shown up in at least one bonus category per year for the last couple of years. Remember you can only get the 5% cash back on up to $1,500 in bonus category purchases each activated quarter.

5

Wells Fargo Cash Wise Visa® Card

This card is currently not available.

Best Overall Rating

★★★★★
N/A

OVERALL RATING

N/A
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
N/A
N/A
N/A

With this card, you’ll receive a small boost to your unlimited cash back rewards when you use a qualified mobile wallet to make your purchases. The bonus for mobile wallet purchases is only good for the first 12 months after account opening.

6. U.S. Bank Altitude™ Reserve Visa Infinite® Card

The U.S. Bank Altitude™ Reserve Visa Infinite® Card is a big-benefit card exclusive to US Bank customers. You’ll earn 3X points per dollar on both travel and eligible mobile wallet purchases.

U.S. Bank Altitude™ Reserve Visa Infinite® Card

  • Earn 3X points per $1 on eligible travel purchases and mobile wallet spending
  • Receive up to $325 annual travel reimbursements
  • Receive 12 annual complimentary WiFi passes

Since the Altitude Reserve is a Visa Infinite card — one of only a handful in the US — cardholders will also enjoy a range of Visa Infinite benefits, including exclusive airfare discounts and other travel-centric perks.

Best Credit Cards for Ride-Sharing on Uber & Lyft

While millennials are hardly the only group to jump on the ride-sharing bandwagon, younger folks are certainly in love with the sharing economy.

Happily, with the right credit card, that love can earn bonus rewards. With these picks, you’ll earn extra points for every Lyft and Uber ride, making it even more affordable to share.

BEST OVERALL RATING

★★★★★
4.8

OVERALL RATING

4.8/5.0
  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • $300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year
  • 3X points on travel immediately after earning your $300 travel credit. 3X points on dining at restaurants & 1 point per $1 spent on all other purchases. $0 foreign transaction fees.
  • Get 50% more value when you redeem your points for travel through Chase Ultimate Rewards. For example, 50,000 points are worth $750 toward travel
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Access to 1,000+ airport lounges worldwide after an easy, one-time enrollment in Priority Pass™ Select
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
16.99%-23.99% Variable
$550
Good/Excellent

This card offers a triple points for travel purchases, a broad category that includes ride-sharing companies, as well as the expected hotel and airline purchases so you can earn big no matter how you travel. Plus, this card offers a number of travel perks, including airport lounge access and an annual travel credit.

8

Wells Fargo Propel American Express® Card

This card is currently not available.

Best Overall Rating

★★★★★
N/A

OVERALL RATING

N/A
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
N/A
N/A
N/A

While this card’s points aren’t typically as valuable as the Ultimate Rewards you earn with the Chase card, this card won’t charge you the same giant annual fee — or any annual fee at all. Cardholders can earn 3X points per dollar on travel, including rideshares, as well as triple points eating out and ordering in. Plus, earn the same triple points on select streaming services.

9. Citi Premier Card

The Citi Premier Card is another travel rewards card with a broad travel bonus category that includes ride-sharing purchases.

Citi ThankYou® Premier Card

  • Earn 3X points per $1 spent on eligible travel purchases, including gas stations
  • Earn 2X points per $1 spent on dining out and entertainment
  • Pay no annual fee the first year, then $95

ThankYou Points can be redeemed for a variety of things, but generally offer the best value when redeemed for free flights through the ThankYou® Travel Center.

Cards to Earn Rewards on Dine-In, Take-Out & UberEATS

Whether you’re starting your career, building your empire, or starting a family — we all have to eat.

But while millennials may be more inclined to ride-share their meals with things like UberEATS, plenty still enjoy the “traditional” dine-in and take-out meals of their forefathers. And, no matter how you get your food, you can save on every dining purchase with the right credit card.

10

Capital One® Savor® Cash Rewards Credit Card

This card is currently not available.

Best Overall Rating

★★★★★
N/A

OVERALL RATING

N/A
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
N/A
N/A
N/A

This card’s 4% cash back on dining will apply to your restaurant purchases at a huge range of restaurants, including dine in and takeout, with no limit on how much you can earn. Cardholders can also enjoy 2% cash back on grocery store purchases, meaning this card has you covered no matter who makes your meal.

11. American Express® Gold Card

The American Express® Gold Card has become the card to beat when it comes to dining, offering an unbeatable 4X Ultimate Rewards® points per dollar on purchases made at US restaurants, including both dine in and takeout purchases.

Graphic of Amex Gold Card

  • Earn 4X Membership Rewards® points per $1 at US restaurants and grocery stores
  • Receive 3X points on flights booked directly with the airlines
  • Pay $250 annual fee

Cardholders can also enjoy a monthly $10 dining credit for select restaurants including Grubhub, Seamless, The Cheesecake Factory, Ruth’s Chris Steak House and participating Shake Shack locations, up to a total of $120 a year. New cardholders will also get 20% dining purchases for the first three months, up to $100 total back.

12. Uber Visa Card

A joint effort with Barclays bank, the Uber Visa Card offers 4% cash back on dining, including the eponymous UberEATS restaurant delivery service.

Uber Visa Card

  • Earn 4% cash back on dining purchases, including restaurants, takeout, bars, and UberEATS
  • Earn 3% cash back on hotel & airfare, 2% for online purchases
  • Earn 1% cash back on all other purchases

In addition to purchase rewards, the Uber Visa Card comes with perks and benefits like mobile phone protection, a subscription service credit, and no foreign transaction fees.

Flexible Rewards Credit Cards for Travel Expenses

Although travel may be good for the soul, it can wreak havoc on the budget — that is, unless you have an awesome travel rewards credit card.

Our favorite travel rewards cards are those that offer flexible rewards that can be used with a wide variety of airline and hotels brands, making sure you can redeem your rewards when you want — not when it’s convenient for the airline or hotel.

BEST OVERALL RATING

★★★★★
4.8

OVERALL RATING

4.8/5.0
  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • $300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year
  • 3X points on travel immediately after earning your $300 travel credit. 3X points on dining at restaurants & 1 point per $1 spent on all other purchases. $0 foreign transaction fees.
  • Get 50% more value when you redeem your points for travel through Chase Ultimate Rewards. For example, 50,000 points are worth $750 toward travel
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Access to 1,000+ airport lounges worldwide after an easy, one-time enrollment in Priority Pass™ Select
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
16.99%-23.99% Variable
$550
Good/Excellent

Chase’s Ultimate Rewards® are much lauded as some of the best, most versatile travel rewards, with more than a dozen hotel and airline partners to which you can transfer your points. With smart transfers and redemptions, you can get top value out of your Ultimate Rewards®.

14

Capital One® Venture® Rewards Credit Card

This card is currently not available.

Best Overall Rating

★★★★★
N/A

OVERALL RATING

N/A
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
N/A
N/A
N/A

The miles you earn with this card can be used with any travel brand at any time, no blackouts or exclusions, as you’ll simply redeem them for a statement credit to cover qualifying travel-related purchases. Or, transfer miles to a qualifying airline loyalty program to combine with your existing frequent flyer miles.

15

Discover it® Miles

This card is currently not available.

Best Overall Rating

★★★★★
N/A

OVERALL RATING

N/A
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
N/A
N/A
N/A

Another simple travel rewards card, this card’s miles are redeemed for statement credit to cover eligible travel-related expenses, including hotels, airfare, and car rentals. This means you never have to deal with pesky blackout dates.

Cards for Maximizing Online Shopping Purchases

While not exclusive to millennials, it’s clear that younger generations are driving the growth in online shopping, enjoying both the convenience and potential savings to be found online.

And credit card companies are catching on. A number of issuers are now offering rewards for online shopping purchases, with Amazon.com one of the most frequent retailers to qualify for credit card bonus rewards.

16

Discover it® Cash Back

This card is currently not available.

Best Overall Rating

★★★★★
N/A

OVERALL RATING

N/A
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
N/A
N/A
N/A

Although not guaranteed, this card has offered Amazon.com as a bonus category at least one quarter per year for a few years running, often in the fourth quarter when holiday shopping starts in earnest. Activate your category each quarter to earn the bonus rate on qualifying purchases.

17. Uber Visa Card

In addition to its other solid bonus categories, the Uber Visa Card offers unlimited 2% cash back on online purchases, including — but not limited to — Amazon.com.

Uber Visa Card

  • Earn 4% cash back on dining purchases, including restaurants, takeout, bars, and UberEATS
  • Earn 3% cash back on hotel & airfare, 2% for online purchases
  • Earn 1% cash back on all other purchases

In addition to purchase rewards, the Uber Visa Card comes with perks and benefits like mobile phone protection, a subscription service credit, and no foreign transaction fees.

18. Amazon Rewards Visa Signature® Card

So long as you have an activated Prime membership, the Amazon Prime Rewards Visa Signature Card provides 5% cash back on every Amazon.com purchase. Plus, receive 5% cash back when you use your card at Whole Foods grocery stores.

Amazon Rewards Visa Signature® Card

  • Earn 3% back on Amazon.com and Whole Foods purchases; Prime Members earn 5% back
  • Earn 2% cash back at restaurants, gas stations, and drugstores
  • Pay no annual card fee, Prime fee may apply

The points you earn with the Amazon Rewards card can be redeemed directly at checkout to pay for most Amazon.com purchases, and you can redeem them for cash back, gift cards, or travel.

Cards to Save on Streaming, Concerts & Other Entertainment

While your average person may complain about the cost of cable, millennials do something about it — by avoiding it altogether. After all, between streaming, gaming, and other forms of entertainment, who needs cable?

Whether you like to stream TV, see live concerts, or enjoy a good amusement park, you can save on your entertainment by using the right card for your purchases.

19

Capital One® SavorOne® Cash Rewards Credit Card

This card is currently not available.

Capital One® Rating

★★★★★
N/A

OVERALL RATING

N/A
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
N/A
N/A
N/A

A no-annual-fee option for saving on entertainment and dining, this card provides 3% cash back on everything from museums to sporting events.

20. Citi Premier Card

The Citi Premier Card gives users bonus rewards on entertainment spending, including live concerts, sporting events, movie theaters, and on-demand streaming services.

Citi ThankYou® Premier Card

  • Earn 3X points per $1 spent on eligible travel purchases, including gas stations
  • Earn 2X points per $1 spent on dining out and entertainment
  • Pay no annual fee the first year, then $95

ThankYou Points can be redeemed for a variety of things, but generally offer the best value when redeemed for free flights through the ThankYou® Travel Center.

21. Marvel Mastercard®

The Marvel Mastercard® may be designed for Marvel lovers, but nearly anyone can benefit from its 3% cash back category, which includes entertainment purchases like amusement park passes, museum visits, and movie theater tickets.

 Marvel Mastercard®

  • Earn 3% cash back on dining, select entertainment, and eligible Marvel merchandise purchases
  • Earn unlimited 1% cash back on all other purchases
  • Pay no annual fee

Beyond the card’s inclusive purchase rewards, the Marvel Mastercard® also offers a host of perks for the Marvel devotee, including discounts and free shipping on MarvelShop.com purchases, as well as special discounts on Marvel Unlimited and Marvel digital comics.

Find a Card that Fits Your Lifestyle

No longer the youngest generation, millennials are growing up — and they need grown-up credit cards to match their changing adult lifestyles. Of course, that doesn’t mean you need to be stuck with your parents’ boring old card.

That’s because credit card issuers are embracing the millennial generation. Whether you love to eat out, order in, shop online, or stream your favorite shows, there’s likely a credit card out there that not only complements your lifestyle, but rewards it.

Advertiser Disclosure

CardRates.com is a free online resource that offers valuable content and comparison services to users. To keep this resource 100% free, we receive compensation from many of the offers listed on the site. Along with key review factors, this compensation may impact how and where products appear across the site (including, for example, the order in which they appear). CardRates.com does not include the entire universe of available offers. Editorial opinions expressed on the site are strictly our own and are not provided, endorsed, or approved by advertisers.