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. You will find information about Capital One Venture X rewards Credit Card, Petal 2 and Chase Freedom Unlimited in this article.
Capital One Venture X Rewards credit card
Check the eligibility requirements for credit cards before you apply. Credit score requirements for this credit card are higher than 740. If your credit score falls between 700 and 740, you may still be eligible for approval. This credit card offers many great benefits.
The first step in obtaining a credit score from all three credit agencies is to request one. You will need to get rid of any credit freezes on your credit reports before you apply. This is a practice that many credit card companies follow. However, the Venture X rewards credit card has some unique features.
Capital One Venture X rewards credit cards offer two-times the Capital One miles for eligible purchases. The credit card comes with a $95 annual fee, and 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 moderate sign-up bonus but lower rewards than premium Chase credit cards. However, 18-year-olds with good to excellent credit may be approved. This card requires a minimum FICO credit score of 670.
The Chase Freedom Unlimited 18 year-old credit card can be a great option for people who are looking for a high cash-back credit card without paying a large annual fee. This card earns 1.5% back on all purchases. It also earns 5% on Chase travel or dining purchases. There is no annual fee, and you can keep all of the rewards.
Chase Freedom Unlimited 18-year old credit card comes with no annual fee and a low initial rate. After the promotional period, the APR jumps to a high rate. The annual fee is not required, however you will be charged a 3% foreign transaction fee. This card is great if you're planning on traveling abroad. It offers trip cancellation insurance as well as emergency assistance services.
Petal 2
Petal 2 credit is an option for those 18 years of age who are looking for a new credit card. This card allows for a large credit limit, even for those with bad credit. However, the APR is high compared to the average for credit building cards. Also, missed payments can negatively impact your pre-approval decision.
Petal Rewards, and Petal Deals are the two types cash back options offered by the Petal 2 debit card. Petal Offers allows you to earn cash back on select purchases. This bonus program is for customers who pay on time. Based on the amount you spend, you may be eligible for 2% to 10% cashback at select merchants. Cash back is automatically deposited in your Cash Back Wallet. It can be redeemed to cash in a check or statement credits.
If you have poor credit or no credit at all, the Petal 2 "Cash Back, No Fees" Visa credit card might be a good option for you. This card provides cash back for eligible purchases and a credit limit as high as $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.