This article explores the various types of racism and racialization comparing the experiences of descendants of Kurdish, Tamil, and Vietnamese refugees in Switzerland. Drawing on qualitative data from 45 interviews, the article shows that children of refugees experience several forms of racialization, the impact of which varies. The article shows that children of refugees tend to deny or relativize the interpersonal racism they experience daily, whilst they name and reject forms of racialization that have an effect on their socio-economic mobility as discrimination and racism. The paper argues that experiences of racialization explain why some adult children of refugees do not feel they ‘fit in’ despite their upwards socio-economic mobility.