An 18-year old credit card can be a great way for young adults to build their credit. There are many credit cards available for young adults. This article will explain the Capital One Venture XRewards Credit Card, Petal 2and Chase Freedom Unlimited.
Capital One Venture X rewards Credit Card
Consider the eligibility requirements when applying for credit cards. The credit card application requires applicants to have a credit rating of at least 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. You will need to get rid of any credit freezes on your credit reports before you apply. This is common practice among credit card companies. Venture X rewards card has some distinct features.
Capital One Venture X rewards credit cards offer two-times the Capital One miles for eligible purchases. This credit card charges $95 annually and includes 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 modest sign up bonus, but lower rewards, than premium Chase credit cards. Nevertheless, if you're 18 years old and have good to excellent credit, you might be able to get approved. Minimum FICO credit score of 670 is required 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 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, an 18-year-old credit-card, has no annual fee. It also offers a low intro rate. After the promotional period ends, the APR rises to a higher rate. The annual fee is not required, however you will be charged a 3% foreign transaction fee. This card is excellent if you intend 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 has a high credit limit and is suitable for those with poor credit. However, the APR is high compared to the average for credit building cards. Not making payments on time can have a negative impact on your pre-approval decision.
Petal Rewards and Petal offers are the two types that you can get back with your Petal 2 card. Petal Offers is a program that gives customers cash back for certain purchases. 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 Credit Card "Cash Back, no Fees" may be a good choice for you if you have bad credit or no credit. The card gives cash back on eligible purchases, and allows for a credit limit of 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. You can view your credit score, account balances, payment due dates, rewards and payments using the mobile app. A tracking feature is also available in the mobile app that allows you to track your spending habits and improve credit history.