For young adults with little or no credit history, an 18 year old credit card is a great way to start building their credit. Young adults have many options when it comes to credit cards. In this article, you will learn about Capital One Venture X Rewards Credit Card, Petal 2, and Chase Freedom Unlimited.
Capital One Venture X Credit Card
When applying for a credit card, be sure to consider the eligibility requirements. This type of credit card requires applicants to have a credit score over 740. However, it is possible to get approved if you have a score between 700 and 740. This type of credit card also comes with great benefits.
The first step is to obtain a credit report 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. However, the Venture X rewards credit card has some unique features.
Capital One Venture X rewards card gives you twice the Capital One Miles on eligible purchases, as the name suggests. The credit card comes with a $95 annual fee, and 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 moderate signup bonus but lower rewards compared to premium Chase credit cards. However, 18-year-olds with good to excellent credit may be approved. This card requires minimum FICO credit scores of 670.
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. This card earns 1.5% cash back on all purchases and earns 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 years old credit card is free of annual fees and offers a low introductory rate. After the promotional period, APR increases to high rates. While there's no annual charge, you will need to pay a foreign transaction cost of 3%. If you plan to travel abroad, this card is an excellent choice. You can also get trip cancellation insurance or 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 is ideal for people with poor credit. However, this APR is more than what you would see for credit 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 is automatically deposited into the Cash Back Wallet. You can redeem it for statement credits or cash in a cheque, or directly deposit 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 provides cash back for eligible purchases and a credit limit as high as $10,000. Petal 2 credit card offers many benefits. It includes an app that monitors your spending habits and helps improve your credit score. The mobile app lets you see your credit score and account amounts, along with payment due dates, rewards, payments, and more. The app features a tracking feature which allows you to see your spending habits and improve the credit history.