5+ Easy Can A 17 Year Old Get A Credit Card. However, a minor can be an authorized user on someone else’s account. The rules for credit cards and teenagers.
No matter what the age limit is for the child debit card, in the u.s., a child under age 18 must have a parent or guardian on the account who is (at least) 18 years old. In the meantime, you can begin to build credit as an authorized user, and. This can be a good option for a minor as it helps.
Authorized User On An Existing Account.
Read full answer build credit as an authorized user, and you can always use a debit card for. In most states, you cannot get a credit card on your own until you are 18. And when you turn 18, you’ll need to show that you have your own independent income to qualify.
For Teens Under 18, Credit Card Options Are Much More Limited.
If your teen doesn’t qualify for the $49 security deposit, they could be. The card act requires applicants who are under 21 years old to have proof of an independent income or other assets that can be used to pay off charges. However, the credit card act of 2009 placed restrictions on granting credit to adults under 21.
Here’s A Snapshot Of Some Of The Age Restrictions, Or Lack Thereof, From Each Major Credit Card Issuer:
With the capital one platinum secured credit card, your teen can get an initial credit limit of $200 with a security deposit as low as $49. How to get a credit card for your teen under 18 years old. You can get a credit card at 17 as an authorized user, but you have to be at least 18 years old to open a credit card account in your own name.
And When You Turn 18, You’ll Need To Show That You Have Your Own Independent Income To Qualify.
You can get a credit card at 17 as an authorized user, but you have to be at least 18 years old to open a credit card account in your own name. See details, rates & fees. Some, like capital one, chase, citibank and wells fargo have no minimum age, while american express and barclays require authorized cardholders to be at least 13 years old.
How The Hell Am I Supposed To Build Credit If I Can’t Even Get A Starter Card?
If you’re under 18, however, you can be an authorized user on someone else’s account. Discover has a minimum age of 15, while us bank's. For simplicity's sake, let's just say that's one of your parents.