Commencez votre parcours financier : les meilleures cartes de crédit pour les jeunes adultes au Canada

If you are between 18 and 34 years old, you are probably starting to take the first steps in your financial life, whether at the beginning of your career or as a student.

Building a good credit history is one of the best things you can do to ensure a healthy financial future.

However, choosing the right credit card can be challenging considering the countless options available.

Fortunately, there are cards specifically aimed at young adults that offer benefits like cashback, rewards and zero annual fees, helping you get started smart.

Tangerine Money-Back Credit Card: Flexible Cashback with No Annual Fee

The Tangerine Money-Back Credit Card is one of the best cards for young adults looking to build credit without worrying about annual fees.

This card offers 2% cashback on up to three categories of purchases that you can choose from, such as restaurants, supermarkets, transport, entertainment, among others.

This means you can customize the card according to your spending habits, maximizing your return.

Principaux avantages :

• 2% cashback on up to 3 customizable categories and 0.5% on other purchases.
• No annual fee, which makes it ideal for those who want to avoid fixed costs.
• Flexibility in choosing cashback categories, with the possibility of changing these categories every quarter, depending on your needs.

Additionally, Tangerine Money-Back allows you to deposit cashback directly into your Tangerine checking account, or use it to pay your credit card balance, making it easier to manage your return.

For those just starting their financial life, having a card with no annual fee, but with tangible benefits such as cashback, is a smart choice.

Points to Note: While the Tangerine Money-Back is great for those who want to avoid annual fees and want a simple rewards card, it doesn’t offer some of the more robust benefits, like travel insurance or purchase protection, that can be found on more expensive cards. premium.

However, for the initial phase of financial life, it is practical and effective.

KOHO Prepaid Visa: Financial Control and Risk-Free Cashback

The KOHO Prepaid Visa is another great option for young adults just starting their financial journey.

This prepaid card works a little differently than traditional credit cards in that you load money on it, like a debit card, but receive credit card benefits.

The big highlight here is the ability to control your expenses without running the risk of accumulating debt, as you can only spend what has been loaded onto the card.

Principaux avantages :

• Up to 5% cashback on purchases with KOHO partners and 1% on all regular purchases.
• No transaction fees or annual fees, ideal for those who want simplicity and control.
• Financial management directly through the KOHO app, with insights into your expenses and tools to help you save.

For young adults who are still learning how to manage their finances and want to avoid falling into the traps of high credit limits and mounting debt, the KOHO Visa offers a safe and rewarding way to get started.

With the ease of a financial control app and cashback on daily purchases, it combines simplicity with tangible benefits.

Points of Attention: As a prepaid card, KOHO does not contribute directly to your credit history in the same way as a traditional credit card, as it is not reported to the credit bureaus.

However, it is an excellent tool for those who want strict financial control and rewards without additional fees.

Choose the Right Card to Get Off to a Good Start

If you’re starting your financial journey in Canada, having a credit card can be a powerful tool for building a solid credit history and enjoying benefits like cashback.

The Tangerine Money-Back Credit Card offers an attractive combination of flexibility and rewards, while the KOHO Prepaid Visa is ideal for those who prefer tighter control over their spending without the risk of debt.

Both are affordable, no-annual-fee options and can help you establish good financial habits from an early age.

The key is to identify which one best fits your lifestyle and current financial needs. By choosing wisely, you will be on the right path to a healthy and successful financial life.