An 18 year old creditcard is a great way to begin building credit for young adults without a lot of credit history. Young adults can choose from many credit card options. You will find information about Capital One Venture X rewards Credit Card, Petal 2 and Chase Freedom Unlimited in this article.
Capital One Venture X Rewards Credit Card
Consider the eligibility requirements when applying for credit cards. This credit card requires applicants have a credit score of over 740. But, approval is possible if your credit score ranges between 700 to 740. You also get some amazing benefits with this credit card.
It is important to get credit reports from all three credit bureaus. A credit freeze on your credit file will have to be removed before you can apply. This is a practice that many credit card companies follow. Venture X rewards card has some distinct features.
Capital One Venture X rewards cards offers twice as many Capital One points on eligible purchases. The credit card comes with a $95 annual fee, and a Capital One Travel Portal. You can also earn 75,000 bonus miles for spending $4,000 within the first 3 months.
Chase Freedom Unlimited
The Chase Freedom Unlimited 18-year old credit card offers a modest sign up bonus, but lower rewards, than premium Chase credit cards. However, it is possible to be approved if your credit score is good to excellent and you are at least 18 years old. This card requires minimum FICO credit scores of 670.
The Chase Freedom Unlimited 18 -year-old credit cards is a good choice for anyone who wants a high cashback credit card that doesn't have a high annual cost. The card earns 1.5% cashback for all purchases and 5% on Chase travel and dining purchases. Additional benefits include no annual fees and the ability to keep all your rewards.
Chase Freedom Unlimited 18 year old credit card does not have an annual fee and has a low introductory interest. After the promotional period, APR increases to high rates. There's no annual fee, but you have to pay a foreign transaction fee of 3%. This card is great if you're planning on traveling abroad. You can also get trip cancellation insurance or emergency assistance.
Petal 2
Petal 2 credit cards are a great option for anyone 18 years old looking for a card. This card is ideal for people with poor credit. However, the APR on this card is significantly higher than average for credit building cards. Also, missed payments can negatively impact your pre-approval decision.
Petal Rewards, and Petal Deals are the two types cash back options offered by the Petal 2 debit card. Petal Offers offers cash back on selected purchases. It also has a bonus program that rewards customers who make timely payments. Your spending habits will affect how much cash you receive at some merchants. Cash back can be redeemed for statement credit, cash in checks, or direct deposits into your bank account.
If you have poor credit or no credit at all, the Petal 2 "Cash Back, No Fees" Visa credit card might be a good option for you. This card offers cash back on eligible purchases and offers a high credit limit up to $10,000. Petal 2 credit card offers many benefits. It includes an app that monitors your spending habits and helps improve your credit score. You can view your credit score, account balances, payment due dates, rewards and payments using the mobile app. You can also track your spending habits to improve your credit score.