An 18-year old credit card can be a great way for young adults to build their credit. Young adults have many options when it comes to credit cards. This article will explain the Capital One Venture XRewards Credit Card, Petal 2and Chase Freedom Unlimited.
Capital One Venture X Rewards Credit Card
Check the eligibility requirements for credit cards before you apply. 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. This type of credit cards comes with many benefits.
The first step is to obtain a credit report from all three credit bureaus. A credit freeze placed on your credit report will be removed before applying. This is a common practice for many credit cards companies. Venture X rewards card has some distinct features.
Capital One Venture X rewards cards offers twice as many Capital One points on eligible purchases. This credit card has a $95 annual fee and features a Capital One Travel portal. The card offers two lounge visits free of charge each year and 75,000 bonus mile opportunities for those who spend $4,000 in the first three 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 cards. However, 18-year-olds with good to excellent credit may be approved. You must have a minimum FICO credit score 670 to be eligible for this card.
The Chase Freedom Unlimited 18-year-old credit card is a good choice for those who want a high cash back credit card without a high annual fee. The card earns 1.5% cashback on all purchases, and 5% on Chase dining and travel purchases. Additional benefits include no annual fees and the ability to keep all your rewards.
Chase Freedom Unlimited 18-year old credit card comes with no annual fee and a low initial rate. After the promotional period ends, the APR rises to a higher rate. While there's no annual charge, you will need to pay a foreign transaction cost of 3%. This card is a great choice if you are planning to travel internationally. This card also provides trip cancellation insurance and emergency assistance.
Petal 2
If you're an 18-year-old looking for a credit card, you may want to consider applying for the Petal 2 credit card. This card has a high credit limit and is suitable for those with poor credit. However, this APR is more than what you would see for credit cards. Not making payments on time can have a negative impact on your pre-approval decision.
Petal Rewards or Petal Offers can be used to earn cash back on the Petal 2 Credit Card. Petal Offers provides cash back on some purchases. Customers who pay on time will also be eligible for this bonus program. Your spending habits will affect how much cash you receive at some merchants. Cash back is automatically deposited in your Cash Back Wallet. It can be redeemed to cash in a check or statement credits.
Petal 2 Visa card "Cashback, No Fees" is an option for anyone with bad credit. The card gives cash back on eligible purchases, and allows for a credit limit of 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. This mobile app allows you to see your credit score, account balances, as well as payment due dates and rewards. A tracking feature is also available in the mobile app that allows you to track your spending habits and improve credit history.