An 18-year old credit card can be a great way for young adults to build their credit. Young adults have many choices when it comes to choosing a credit card product. In this article, you will learn about Capital One Venture X Rewards Credit Card, Petal 2, and Chase Freedom Unlimited.
Capital One Venture X rewards 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. If your credit score falls between 700 and 740, you may still be eligible for approval. 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. A credit freeze placed on your credit report will be removed before applying. This is a standard procedure for credit card companies. Venture X rewards credit is different.
Capital One Venture X rewards credits card offers twice the number of Capital One mile on eligible purchases. 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 Year Old credit card offers a moderate signup bonus but lower rewards compared to premium Chase credit cards. 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 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. You can keep all your rewards and there is no annual fee.
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 ideal for anyone who plans to travel abroad. It also offers trip cancellation insurance and emergency assistance services.
Petal 2
Petal 2 credit cards are a great option for anyone 18 years old looking for a card. This card provides a high credit limit to those with poor credit. However, the APR on this card is significantly higher than average for 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. 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.
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 allows you to earn cash back on eligible purchases. It also offers a high credit limit of up $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 view your credit score, account balances, payment due dates, rewards and payments using the mobile app. You can also use the tracking feature to learn more about your spending habits, improve your credit history, and track your payments.