ya well wats the minimum age requirement to have your own credit card
2006-12-27 11:22:29 · 9 answers · asked by porschegirl702 2 in Business & Finance ➔ Credit
No, you do not have to be 18 years old to have a credit card. Myself, I had my first card at 16. What is required is a sponsor, or co-applicant, usually a parent or legal guardian. The parent/guardian/co-applicant must provide their social security information as well as employment, income, and other details. The account would not be listed on the minors credit report, even though they would have a credit card with their name on it. The account is actually in the name of the guardian and the minor is merely an authorized user. Only when the person is of legal age may they apply to reinstate the account as the primary cardholder. At that time their request would only be granted if they personally had sufficient credit. Currently some credit card companies, such as Capital One, are phasing out their co-signor programs. However, anyone with a credit card account in their name can add an authorized user at anytime. I have known instances in which children as young as 10 have had a credit card. I know that seems ridiculous, but true. There are probably children even younger with cards...say for example Madonna's children. But anyway the answer to your question is no you do not have to be 18 to get a credit card as an authorized user. However to be the primary cardholder on the account, the applicant must be 18 years of age, or in some instances a legal adult- such as an emancipated minor. Hope that helps!
2006-12-27 14:03:28 · answer #1 · answered by creditknowitall 2 · 0⤊ 0⤋
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2006-12-27 20:52:09 · answer #2 · answered by Catherine 4 · 0⤊ 0⤋
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2006-12-27 20:46:58 · answer #3 · answered by Mindy 1 · 0⤊ 0⤋
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2006-12-27 19:29:53 · answer #4 · answered by shico 2 · 0⤊ 0⤋
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2006-12-27 19:25:50 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Only a legal adult (the age of 18 or older) can enter into a binding contract. That includes the terms put forth in the credit card industries. You can get one at younger than 18 if a parent or legal guardian signs their name as the responsible party.
2006-12-27 21:34:47 · answer #6 · answered by Ambassador Z 4 · 0⤊ 0⤋
In other words, 16 with a co-signer. 18 to have credit in your OWN NAME.
2006-12-28 01:56:19 · answer #7 · answered by Anonymous · 0⤊ 0⤋
18 on your own.
2006-12-27 19:25:16 · answer #8 · answered by Naemesees 2 · 0⤊ 0⤋
18yrs old - However, your parents can add you as an authorized user as a minor
2006-12-27 19:31:26 · answer #9 · answered by Anonymous · 0⤊ 0⤋