Consider these things when looking for a creditcard for an 18 year old. First, ensure the interest rate is affordable. High interest rates are common with credit cards. These rates are often expressed in annual percentage rates (APRs). If you're concerned about paying too much interest, consider a credit card with a lower variable APR. Remember that credit reports will reflect your outstanding balances. High balances can hurt your credit score. High credit scores can be affected by high credit balances. Credit utilization ratio is a measure of how much debt you have compared to your total credit limit. Any balance above 30% can seriously impact your credit score.
Capital One Venture X Rewards credit card
Capital One Venture X Rewards Credit card for young adults can help you get more rewards without paying a high annual fees. The rewards program will allow you to receive more travel rewards without spending a lot. You get a range of perks such as daily travel deals and tips that will help you save money while on vacation.
The Capital One Venture X rewards card card can help you to save on airfare. It is an excellent option for those who frequent fly. Capital One Lounges will grant you unlimited access, along with Priority Pass member lounges. Additionally, you'll earn three times as many miles on Capital One purchases as you do with other credit cards.
Capital One Platinum Secured Kreditkarte
For young people who want to build their credit, the Capital One Platinum Secured Card Credit Card is a great choice. The card doesn't require a security deposit and comes with no annual fee. This card gives you the ability to increase your credit score without having to deposit a second amount.
Online and branch locations are both available for Capital One Platinum secured credit cards. You must be at least 18 years of age and possess a valid Social Security or Individual Taxpayer ID number to apply. Your personal financial information (such as your monthly rent, employment status) is required. However, there are other requirements.
Petal(r), 2 Visa(r), Credit Card
Petal(r) Visa Credit Card could be a good choice if you are 18 or a student. The secured card is free of foreign transaction fees and has no annual fee. The card does not have a penalty APR for late payments. It makes its money via merchant transaction fees and interest for revolving debts. This card will help you maintain a high credit score by helping you pay your balance on time.
While many secured credit cards require a security deposit, the Petal 2 Visa Credit Card can be applied for without a security deposit. The credit limit for this card is $300-$10,000, depending on your creditworthiness.
Chase Freedom Unlimited
For 18-year-olds who are just beginning to build credit, the Chase Freedom Unlimited credit cards is a great option. This card is free of foreign transaction fees and has an annual fee that's low. You won't be charged any additional fees for international purchases, such as food. The card also offers a credit score boost, which can be important for the future. 15 percent of credit scores are determined by a person’s credit history.
This credit card is for 18-years-olds and has a $0 per year fee. It also offers up to 5.5% cash back on purchases at drugstores, restaurants, and travel. It also allows you to earn up to 1.5% cash back on all other purchases. This card also offers the benefit of allowing authorized users to be added without any fees.