Consider these things when looking for a creditcard for an 18 year old. You will first need to ensure that the interest rate you are paying is fair. Many credit cards have high interest rates, often expressed as annual percentage rates (APRs). If you're worried about paying too many interest, consider a card with a variable APR. Also, keep in mind that credit reports will display your current balances. High balances can hurt your credit score. High balances can negatively impact your credit utilization ratio. This measures how much of your total debt you owe to total credit. Credit scores can be seriously affected if you have a credit score of 30 or more.
Capital One Venture X Rewards Credit Card
Capital One Venture X rewards credit card for young adults will allow you to earn more rewards and not have to pay a large annual fee. The rewards program will allow you to receive more travel rewards without spending a lot. You get a range of perks such as daily travel deals and tips that will help you save money while on vacation.
You can save money on your airfare with the Capital One Venture X Rewards Credit Card. It's a great choice for frequent flyers. Capital One Lounges will grant you unlimited access, along with Priority Pass member lounges. Capital One purchases are three times more valuable than any other credit cards.
Capital One Platinum Secured Kreditkarte
The Capital One Platinum secured credit card (18-year-olds) is a great option to help young people build their credit. The card is free of annual fees and doesn't require you to make a security deposits. The card allows you to increase credit without making another deposit.
You can apply for Capital One Platinum Secured credit cards online or at any of their branches. You must be 18 years or older and have a valid Social Security Number or Individual Taxpayer identification number in order to apply. Personal financial information, such as monthly rent and employment status, is also required. You will also need to satisfy a few additional requirements such as being at least 18 years old and not having any credit history.
Petal(r), Visa(r), and Credit Card
The Petal(r), 2 Visa Credit Card is a great option for students 18+. This secured credit card has no annual fees and no foreign transaction charges. It also does not charge penalty APR for late payments. It earns its money from merchant transaction fees and interest on the revolving balances. This card will help maintain your credit score by helping to pay your balance on the due date.
Petal 2 Visa Credit Card - While some secured credit card applications require a security fee, you can apply for this card without having to pay a security fee. This card comes with a credit limit between $300 and $10,000, depending on your credit worthiness.
Chase Freedom Unlimited
The Chase Freedom Unlimited card is a good choice if you are 18 and just starting your credit history. This card is free of foreign transaction fees and has an annual fee that's low. It also doesn't charge any fees for purchases made overseas, such as food. The card also offers a credit score boost, which can be important for the future. Credit score is 15 percent dependent on the length of one's credit history.
The 18-year old credit card has a $0 annual cost and offers up 5% cashback on dining, travel and drugstore purchase. The card also gives you a 1.5% cashback for all other purchases. You can also add authorized users without paying any fees to this card.