Last Updated on Dec 20, 2019 by James W
While having one of the most beautiful ages of all times, being eighteen-year-old implies having a set of social and financial responsibilities. If yesterday most of the things were handled and tackled by our parents, tomorrow is time to take life in your hands and discover how certain aspects must be further researched and implemented. At this age, you might not think at all about the possibility of obtaining a credit card – since debt is not necessarily what you would be mostly keen on. Still, as time goes by and your age increases in number, you will slowly start to understand how important it is to dig into this aspect. These being said, in case you are looking forward to knowing more concerning the subject, make sure to stick with us and keep an eye onto the following lines in order to see what is the best credit card for an eighteen-year-old!
1. With Cosigners
One of the best possibilities to obtain a credit card at only eighteen-year-old age is by the means of cosigners. This means that someone is willing to take on your responsibility, in case you are unable to pay back the credit on time. Undoubtedly, this is one of the best moves to make every now and then, since a cosigner is able to provide you with a shared responsibility – which is translated into the fact that a person can actually sign for what you do, especially when you have no income to rely on. As we all know, to obtain a credit card you must show the bank that you are able to provide it with the necessary and contracted money on time, otherwise a loan is far from possible. Still, the cosigner also has to have good credit history, otherwise this possibility is as well far from being able to be put into practice.
2. Wells Fargo Cash Wise Visa Card
This one is easy to use and super friendly, due to numerous reasons – one of them would be the fact that as soon as you spend $1,000 during the first 3 months, you will get back as much as $200 in your bank account. Moreover, the Wells Fargo Cash Wise Visa Card has no restrictions in terms of purchases, which means that you can buy anything you want – from fruits to a tent. Still, probably the best improvement this one comes with is translated into the fact that your rewards never expire – instead, they remain there as much as you use your card and not close it. If you do so, logically speaking, there is no turning back – you will not be able to use the reward points (or money) whatsoever. Thus, beware the expiration date – or the one from which on you will not want it to be further used.
3. Bank of America Cash Rewards Credit Card
When you get your first Bank of America Cash Rewards Credit Card, you are able to earn $150 online cash as a reward for spending your first $500 during the first three contracted months. In contrast to some of other options available on the market, this one implies no annual fee – instead, you will have quite some alternatives to earn back your money, either at grocery stores or during most of your loved online shopping. According to the 2018’s people choices’ top, this one goes second in line after Wells Fargo Cash Wise Visa Card – but not so far away, only 0.2 stars.
4. Wells Fargo Platinum Visa Card
The third one presented for you is the Wells Fargo Platinum Visa Card, which comes as well with an annual fee of zero. Moreover, it has a series of tools specially created for organizing your budget, in such a way that you will always be able to keep track of your spending. On the other hand, it is easy to use and the online banking works marvelous – at any time of day or night, you are able to know for sure just what happens, no matter what. And trust me, there is nothing more fulfilling than knowing this aspect can be done without any problems.
These being said, what are you still waiting for? Have you already managed to make up your mind and know for sure which would be the best credit card to be owned by an eighteen-year-old? If so, we are looking forward to hearing from you – and fortunately improve our list with something rather new.
