An 18-year old credit card can be a great way for young adults to build their credit. There are several credit card products available for young adults, so there are several options to consider. 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
Be sure to check the eligibility requirements before applying for a credit line. 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 in obtaining a credit score from all three credit agencies is to request one. A credit freeze placed on your credit report will be removed before applying. This is common practice among credit card companies. Venture X rewards credit cards have some special features.
Capital One Venture X rewards card gives you twice the Capital One Miles on eligible purchases, as the name suggests. This credit card has a $95 annual fee and features 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 years old credit card offers an average sign-up bonus and lower rewards than premium Chase credit accounts. However, 18-year-olds with good to excellent credit may be approved. You must have a minimum FICO credit score 670 to be eligible for this card.
The Chase Freedom Unlimited 18 years old credit card is a good option for those who want to earn high cash back without paying high annual fees. The card earns 1.5% cashback for all purchases and 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 ends, the APR rises to a higher rate. There's no annual fee, but you have to pay a foreign transaction fee of 3%. This card is a great choice if you are planning to travel internationally. 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. Missed payments could negatively impact your preapproval decision.
Petal Rewards and Petal Offers are two types of cashback offered by the Petal 2 credit cards. Petal Offers gives you cash back on certain purchases and is a bonus program for customers who make on-time payments. Your spending habits will affect how much cash you receive at some merchants. Cash back is automatically deposited into your Cash Back Wallet and can be redeemed for statement credits, cash in a check, or direct deposit into your bank account.
The Petal 2 Visa "Cash back, No Fees", Visa credit card may be an option for those with poor credit. This card offers cash back on eligible purchases and offers a high credit limit up to $10,000. Petal 2 credit card offers many benefits. It includes an app that monitors your spending habits and helps improve your credit score. Using this mobile app, you can see your credit score and account balances as well as payment due dates, rewards, and payments. A tracking feature is also available in the mobile app that allows you to track your spending habits and improve credit history.