A credit card for 18-year-olds is a great option for young adults who have little credit history. 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
When applying for a credit card, be sure to consider the eligibility requirements. For this type of credit card, applicants must have a credit score greater than 740. However, it is possible to get approved if you have a score between 700 and 740. Besides, this type of credit card comes with some great benefits.
The first step is to obtain a credit report from all three credit bureaus. 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 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 has a $95 annual fee and features 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 moderate signup bonus but lower rewards compared to 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. Minimum FICO credit score of 670 is required 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% 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. There's no annual fee, but you have to pay a foreign transaction fee of 3%. This card is excellent if you intend to travel abroad. This card also provides trip cancellation insurance and emergency assistance.
Petal 2
Petal 2 credit cards are a great option for anyone 18 years old looking for a card. This type of card offers a high credit limit 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.
The Petal 2 credit card offers two types of cash back: Petal Offers and Petal Rewards. 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 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 is eligible for cash back and has a credit limit up to 10,000. Petal 2 offers many benefits including an app that tracks your spending habits and improves credit scores. You can view your credit score, account balances, payment due dates, rewards and payments using the mobile app. The app features a tracking feature which allows you to see your spending habits and improve the credit history.