For young adults with little or no credit history, an 18 year old credit card is a great way to start building their credit. Young adults have many options when it comes to credit cards. 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. The credit card application requires applicants to have a credit rating of at least 740. However, it is possible to get approved if you have a score between 700 and 740. This type of credit cards comes with many benefits.
The first step in obtaining a credit score from all three credit agencies is to request one. A credit freeze on your credit file will have to be removed before you can apply. This is a standard procedure for credit card companies. However, the Venture X rewards credit card has some unique 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. 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 modest sign up bonus, but lower rewards, than premium Chase credit cards. However, applicants must be 18 years of age and have excellent to good credit to be approved. This card requires minimum FICO credit scores of 670.
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. Other benefits include no annual fee and the ability to keep all of your rewards.
Chase Freedom Unlimited 18-year old credit card comes with no annual fee and a low initial 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 ideal for anyone who plans to travel abroad. This card also provides trip cancellation insurance and emergency assistance.
Petal 2
The Petal 2 credit card is a good choice for 18-year-olds looking for a credit line. This card allows for a large credit limit, even for those with bad credit. However, this APR is more than what you would see for credit cards. It is important to remember that missed payments may negatively impact your preapproval decision.
Petal Rewards, and Petal Deals are the two types cash back options offered by the Petal 2 debit card. Petal Offers offers cash back on selected purchases. It also has a bonus program that rewards customers who make timely payments. The amount that you spend will determine how much cash you earn at certain merchants. Cash back is automatically deposited in your Cash Back Wallet. It can be redeemed to cash in a check or statement credits.
Petal 2 Visa card "Cashback, No Fees" is an option for anyone with bad 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. This mobile app allows you to see your credit score, account balances, as well as payment due dates and rewards. The app features a tracking feature which allows you to see your spending habits and improve the credit history.