An 18 year old creditcard is a great way to begin building credit for young adults without a lot of credit history. Young adults have many choices when it comes to choosing a credit card product. This article will discuss 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 type of credit card requires applicants to have a credit score over 740. It is possible to be approved even if your credit score is 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. If you have a credit freeze on your credit report, you'll have to remove it before applying. This is a standard procedure for credit card companies. Venture X rewards credit cards have some special 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. It also provides two lounge visits for free each year.
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. You might still be eligible if you are 18 years old with good credit. You must have a minimum FICO credit score 670 to be eligible for this card.
For those looking for a high-cash back credit card with no annual fees, the Chase Freedom Unlimited 18-year old credit card is a great choice. The card earns 1.5% cashback on all purchases, and 5% on Chase dining and travel purchases. Other benefits include no annual fee and the ability to keep all of your rewards.
Chase Freedom Unlimited 18 year old credit card does not have an annual fee and has a low introductory interest. After the promotional period, the APR jumps to a high 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. 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 provides a high credit limit to those with poor credit. However, the APR for this card is much higher than that of credit-building cards. Missed payments could negatively impact your preapproval decision.
The Petal 2 credit card offers two types of cash back: Petal Offers and Petal Rewards. Petal Offers allows you to earn cash back on select purchases. This bonus program is for customers who pay on time. Your spending habits will affect how much cash you receive at some merchants. Cashback is automatically deposited to your Cash Back wallet and can be used for statement credits, cash-in-a-check, or direct deposit to 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 allows you to earn cash back on eligible purchases. It also offers a high credit limit of up $10,000. Petal 2 credit card offers many benefits. It includes an app that monitors your spending habits and helps improve your credit score. The mobile app lets you see your credit score and account amounts, along with payment due dates, rewards, payments, and more. The mobile app also features a tracking feature that helps you learn more about your spending habits and improve your credit history.