An 18 year old creditcard is a great way to begin building credit for young adults without a lot of credit history. Young adults have many choices when it comes to choosing a credit card product. This article will explain the Capital One Venture XRewards Credit Card, Petal 2and Chase Freedom Unlimited.
Capital One Venture X Rewards Credit Card
Consider the eligibility requirements when applying for credit cards. The credit card application requires applicants to have a credit rating of at least 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.
It is important to get credit reports from all three credit bureaus. A credit freeze on your credit file will have to be removed before you can apply. This is standard practice for many credit card companies. Venture X rewards card has some distinct features.
As the name suggests, Capital One Venture X rewards credit card offers two times the amount of Capital One miles on eligible purchases. This credit card charges $95 annually and includes 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 year-old credit card offers a modest sign-up bonus, but lower rewards than premium Chase cards. You might still be eligible if you are 18 years old with good credit. 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% cash back on all purchases and earns 5% on Chase travel and dining purchases. There is no annual fee, and you can keep all of the rewards.
Chase Freedom Unlimited 18 years old credit card is free of annual fees and offers a low introductory rate. After the promotional period, your APR will rise to a high level. You will have to pay a foreign transaction charge of 3%. There is no annual fee. This card is great if you're planning on traveling abroad. It also offers trip cancellation insurance and emergency assistance services.
Petal 2
Petal 2 credit is an option for those 18 years of age who are looking for a new credit card. This card allows for a large credit limit, even for those with bad credit. The APR is higher than the average credit card building card. Also, missed payments can negatively impact your pre-approval decision.
Petal Rewards and Petal Offers are two types of cashback offered by the Petal 2 credit cards. 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 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 provides cash back for eligible purchases and a credit limit as high as $10,000. The Petal 2 credit card has many benefits, including an app that keeps track of your spending habits and improves your credit score. You can access the app on your mobile phone to view your credit score and account balances. It also includes payment due dates as well rewards and payments. You can also use the tracking feature to learn more about your spending habits, improve your credit history, and track your payments.