An 18 year old creditcard is a great way to begin building credit for young adults without a lot of credit history. There are many credit cards available for young adults. 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
When applying for a credit card, be sure to consider the eligibility requirements. This credit card requires applicants have a credit score of over 740. It is possible to be approved even if your credit score is between 700 and 740. This type of credit card also comes with great benefits.
The first step is to request a credit file from all three credit reporting agencies. You will need to get rid of any credit freezes on your credit reports before you apply. This is a practice that many credit card companies follow. Venture X rewards card has some distinct features.
Capital One Venture X rewards credits card offers twice the number of Capital One mile on eligible purchases. This credit card costs $95 per year and offers a Capital One Travel portal. It also provides two lounge visits for free each year.
Chase Freedom Unlimited
The Chase Freedom Unlimited 18 year-old credit card offers a modest sign-up bonus, but lower rewards than premium Chase cards. Nevertheless, if you're 18 years old and have good to excellent credit, you might be able to get approved. The minimum FICO credit score required to get this card is 670.
For those looking for a high-cash back credit card with no annual fees, the Chase Freedom Unlimited 18-year old credit card is a great choice. This card earns 1.5% back on all purchases. It also earns 5% on Chase travel or dining purchases. Other benefits include no annual fee and the ability to keep all of your rewards.
Chase Freedom Unlimited 18-year old credit card comes with no annual fee and a low initial rate. After the promotional period, APR increases to high rates. You will have to pay a foreign transaction charge of 3%. There is no annual fee. This card is excellent if you intend to travel abroad. It also offers trip cancellation insurance and emergency assistance services.
Petal 2
The Petal 2 credit card is a good choice for 18-year-olds looking for a credit line. This card allows for a large credit limit, even for those with bad 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 gives you cash back on certain purchases and is a bonus program for customers who make on-time payments. There are certain merchants that offer cash back, and you could earn anywhere from 2% to 10% depending on how much you spend. Cash back is automatically deposited in your Cash Back Wallet. It can be redeemed to cash in a check or statement credits.
The Petal 2 Visa "Cash back, No Fees", Visa credit card may be an option for those with poor credit. This card allows you to earn cash back on eligible purchases. It also offers a high credit limit of up $10,000. Petal 2 credit cards offer many benefits. The app keeps track of your spending habits, improves your credit score, and offers cash back on eligible purchases. The mobile app lets you see your credit score and account amounts, along with payment due dates, rewards, payments, and more. A tracking feature is also available in the mobile app that allows you to track your spending habits and improve credit history.