Here are some things to remember when you shop for a credit card that will suit an 18-year-old. The first is to verify that the interest rates are reasonable. Credit cards often have high interest rates. They are often expressed as annual percent rates (APRs). You may be worried about paying too much interest if you have a low variable APR. You should also remember that your credit report will include your outstanding balances. High balances can affect your credit score. High balances can affect your credit utilization rate, which is the ratio of total debt owed to credit available. Any balance above 30% can seriously impact your credit score.
Capital One Venture X Credit Card
Capital One Venture X Rewards credit card for young adults is a great way to get more rewards. You can get more travel rewards with its rewards program without having to break the bank. There are many perks that come with it, such as daily travel deals or tips to help you spend less while traveling.
You can save money on your airfare with the Capital One Venture X Rewards Credit Card. It's a great choice for frequent flyers. Unlimited access to Capital One lounges as well as Priority Pass-participating ones will be available. Additionally, you'll earn three times as many miles on Capital One purchases as you do with other credit cards.
Capital One Platinum Secured Kreditkarte
The Capital One Platinum Secured credit card for 18-year olds is a great way to get started building your credit. The card doesn’t require a security fee and does not have an annual fee. This card gives you the ability to increase your credit score without having to deposit a second amount.
Capital One Platinum Secured credit cards are available online and at their branch locations. You must be 18 years or older and have a valid Social Security Number or Individual Taxpayer identification number in order to apply. Also, you will need to give financial information like your income and whereabouts. However, there are other requirements.
Petal(r), 2 Visa(r), Credit Card
If you're 18 and a student, the Petal(r) 2 Visa Credit Card may be a good choice for you. This secured credit card has no annual fees and no foreign transaction charges. There is no penalty APR on late payments. It earns money by charging merchant transaction fees as well as interest on revolving accounts. By helping you to pay your balance on-time, this card will help you maintain high credit scores.
Many secured credit cards require a deposit to open the account. However, the Petal 2 Visa Credit Card is available without a deposit. The credit limit for this card is $300-$10,000, depending on your creditworthiness.
Chase Freedom Unlimited
A Chase Freedom Unlimited credit card can be a good choice for an 18-year old who is just starting to build his credit history. This card is free of foreign transaction fees and has an annual fee that's low. It doesn't charge fees for overseas purchases like food. The card offers credit score enhancements that can be useful for the long-term. Credit score is 15 percent dependent on the length of one's credit history.
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. Another benefit of this card is its no-fee addition of authorized users.