A credit card for 18-year-olds is a great option for young adults who have little credit history. There are several credit card products available for young adults, so there are several options to consider. 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 Reward Credit Card
Check the eligibility requirements for credit cards before you apply. For this type of credit card, applicants must have a credit score greater than 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.
First, you need to get a credit report from each credit bureau. Before applying, you will need to remove any credit freezes from your credit report. This is a common practice for many credit cards companies. Venture X rewards credit cards have some special features.
Capital One Venture X rewards card gives you twice the Capital One Miles on eligible purchases, as the name suggests. This credit card costs $95 per year and offers 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 years old credit card offers an average sign-up bonus and lower rewards than premium Chase credit accounts. However, applicants must be 18 years of age and have excellent to good credit to 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 cards is a good choice for anyone who wants a high cashback credit card that doesn't have a high annual cost. This card earns 1.5% back on all purchases. It also earns 5% on Chase travel or dining purchases. There is no annual fee, and you can keep all of the 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, your APR will rise to a high level. There's no annual fee, but you have to pay a foreign transaction fee of 3%. This card is a great choice if you are planning to travel internationally. It offers trip cancellation insurance as well as emergency assistance services.
Petal 2
Petal 2 credit credit card may be a good option for an 18-year old who is looking for credit. This card has a high credit limit and is suitable for those with poor credit. However, the APR on this card is significantly higher than average for credit building cards. Not making payments on time can have a negative impact on 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 provides cash back on some purchases. Customers who pay on time will also be eligible for this bonus program. You may earn 2% to 10% cash back at selected merchants, depending on how much you spend. Cash back is automatically deposited into your Cash Back Wallet and can be redeemed for statement credits, cash in a check, or direct deposit into your bank account.
Petal 2 Visa Cash Back, No Fees Visa credit card is a great option for people with bad credit. This card offers cash back on eligible purchases and offers a high credit limit up to $10,000. Petal 2 offers many benefits including an app that tracks your spending habits and improves credit scores. This mobile app allows you to see your credit score, account balances, as well as payment due dates and rewards. You can also use the tracking feature to learn more about your spending habits, improve your credit history, and track your payments.