Consider these things when looking for a creditcard for an 18 year old. First, you'll want to make sure the interest rate is reasonable. High interest rates are common with credit cards. These rates are often expressed in annual percentage rates (APRs). Consider a variable APR credit card if you are concerned about excessive interest rates. You should also remember that your credit report will include your outstanding balances. High credit scores can be hurt by high balances. High credit scores can be affected by high credit balances. Credit utilization ratio is a measure of how much debt you have compared to your total credit limit. A credit score that is higher than 30% could be severely affected.
Capital One Venture X Rewards credit card
The Capital One Venture X Rewards Credit Card for a young adult can help you earn more rewards without having to pay a high annual fee. The rewards program will allow you to receive more travel rewards without spending a lot. There are many perks that come with it, such as daily travel deals or tips to help you spend less while traveling.
The Capital One Venture X reward credit card is a great way to save money on airfare. It is a great option for those who fly frequently. You'll get unlimited access to Capital One lounges, as well as Priority Pass participating ones. Additionally, you'll earn three times as many miles on Capital One purchases as you do with other credit cards.
Capital One Platinum Secured Card Credit Card
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. This card gives you the ability to increase your credit score without having to deposit a second amount.
Online and branch locations are both available for Capital One Platinum secured credit cards. You must be 18 and have a valid Social Security card or Individual Taxpayer Identification to apply. Additionally, you must provide financial information about your personal finances such as your monthly rent or work status. Of course, you'll need to meet a few other requirements, including being over 18 and not having a credit history.
Petal(r) 2 Visa(r) Credit Card
The Petal(r), Visa Credit Card for Students (18+) may be a good option. This secured card comes with no annual fee and no foreign transaction fees. The card does not have a penalty APR for late payments. It makes its money via merchant transaction fees and interest for revolving debts. The card helps you keep a high credit score and will allow you to pay off your balance promptly.
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 has a credit limit of $300 to $10,000 depending on your creditworthiness.
Chase Freedom Unlimited
For an 18-yearold just starting to build credit history, Chase Freedom Unlimited credit is a good option. This card has a low annual fee and no foreign transaction fees. The card doesn't have any foreign transaction fees and charges no fees for purchases made abroad, including food. The card offers credit score enhancements that can be useful for the long-term. Credit history is responsible for 15% of a person's credit score.
This credit card is for 18-years-olds and has a $0 per year fee. It also offers up to 5.5% cash back on purchases at drugstores, restaurants, and travel. 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.