For young adults with little or no credit history, an 18 year old credit card is a great way to start building their credit. There are several credit card products available for young adults, so there are several options to consider. This article will discuss Capital One Venture X Rewards Credit Card Petal 2 and Chase Freedom Unlimited.
Capital One Venture X Reward Credit Card
Check the eligibility requirements for credit cards before you apply. For this type of credit card, applicants must have a credit score greater than 740. But, approval is possible if your credit score ranges between 700 to 740. 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 standard procedure for 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. The annual fee for this credit card is $95 and it also features a Capital One Travel portal. It offers two complimentary lounge visits each year as well as 75,000 bonus points for spending $4,000 within 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 cards. However, 18-year-olds with good to excellent credit may be approved. Minimum FICO credit score of 670 is required for this card.
The Chase Freedom Unlimited 18-year-old credit card is a good choice for those who want a high cash back credit card without a high annual fee. The card earns 1.5% cashback for all purchases and 5% on Chase travel and dining purchases. Other benefits include no annual charge and the possibility to keep all your rewards.
Chase Freedom Unlimited 18 years old credit card is free of annual fees and offers a low introductory rate. After the promotional period, your APR will rise to a high level. You will have to pay a foreign transaction charge of 3%. There is no annual fee. This card is a great choice if you are planning to travel internationally. It also offers trip cancellation insurance and emergency assistance services.
Petal 2
If you're an 18-year-old looking for a credit card, you may want to consider applying for the Petal 2 credit card. This card allows for a large credit limit, even for those with bad credit. However, the APR for this card is much higher than that of credit-building cards. It is important to remember that missed payments may negatively impact your preapproval decision.
Petal Rewards and Petal Offers are two types of cashback offered by the Petal 2 credit cards. Petal Offers allows you to earn cash back on select purchases. This bonus program is for customers who pay on time. You may earn 2% to 10% cash back at selected merchants, depending on how much you spend. Cash back is automatically deposited into your Cash Back Wallet and can be redeemed for statement credits, cash in a check, or direct deposit into 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 provides cash back for eligible purchases and a credit limit as high as $10,000. Petal 2 credit cards offer many benefits. The app keeps track of your spending habits, improves your credit score, and offers cash back on eligible purchases. 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.