Is there a minimum age for being eligible for credit cards?

Answer 1

18 and i would not get in a hurry to want a credit card with new laws credit card company's have raised their interest rate's knowing that if a person can not pay they can't file bankruptcy if they have the money to pay,i have one card and it is my business card other than that i stick with what my dad always said if you can't pay with cash then you didn't need it.

and pet love dose know what he is talking about as i do have a degree in this field i did not say they could not file it was harder so read everything before you open your mouth and insert your foot. thank you studly who is probley really wishing he was LOL

Answer 2

Petlover doesn't have a clue about what he's talking about.

To begin with, the new bankruptcy laws do not exempt credit card debts. It makes it harder for people to file for chapter 7. But those who file a chapter 13 still have to pay a portion of their debts. Rarely do they pay the entire amount.

You can not get credit until you are 18, unless you can get an adult to co-sign for it.

I highly recommend that teens get a card so they can begin establishing their credit history. If you don't think you can control your spending, then keep the limit on the card very low (under $500).

Answer 3

Generally 18, since before that you can't sign a legal contract so is difficult to hold you responsible for debt incurred. Might be able to get one younger with a cosigner.

Answer 4

Probably 18. That seems to be the age of accountability in this country.

Answer 5

I got my first at sixteen through capital one, their fees sucked though. I already had some dept. store credit cards first that my mom had cosigned for me.

Answer 6

18, but know how to use it responsibly... you can get into big debt, really fast!

Answer 7

on your own? 18
can get one earlier but it'll have to be your parents and with their consent