A 18-year-old credit card is a great tool for young adults with poor credit histories. There are several credit card products available for young adults, so there are several options to consider. This article will cover Capital One Venture X Reward Credit Card, Petal 2 & Chase Freedom Unlimited.
Capital One Venture X Rewards credit card
Make sure you check your eligibility requirements when applying to a credit card. 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. Before applying, you will need to remove any credit freezes from your credit report. This is a practice that many credit card companies follow. Venture X rewards creditcard has some distinctive features.
As the name suggests, Capital One Venture X rewards credit card offers two times the amount of Capital One miles on eligible purchases. 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 sign-up bonus but lower rewards than premium Chase credit cards. However, it is possible to be approved if your credit score is good to excellent and you are at least 18 years old. The minimum FICO credit score required to get this card is 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% back on all purchases. It also earns 5% on Chase travel or dining purchases. Other benefits include no annual charge and the possibility 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, your APR will rise to a high level. Although there is no annual fee, you must pay a 3% foreign transaction fees. This card is great if you're planning on traveling abroad. It offers emergency assistance and trip cancellation protection.
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. However, the APR for this card is much higher than that of credit-building cards. 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 offers cash back on selected purchases. It also has a bonus program that rewards customers who make timely 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 can be redeemed for statement credit, cash in checks, or direct deposits into your bank account.
Petal 2 Visa Credit Card "Cash Back, no Fees" may be a good choice for you if you have bad credit or no credit. This card offers cash back on eligible purchases and offers a high credit limit up to $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.