How Can I Get a Credit Card at 17?

A credit card serves as a financial tool allowing individuals to borrow money up to a certain limit. Many young people seek to obtain credit cards for convenience and to begin establishing a credit history. However, obtaining a credit card at 17 presents a distinct challenge compared to applying as an adult. This is primarily due to legal age restrictions on entering into binding financial contracts. This article explores pathways for a 17-year-old to gain access to a credit card.

Becoming an Authorized User

The most common and accessible method for a 17-year-old to use a credit card and build credit history is by becoming an authorized user on another individual’s account. An authorized user can make purchases using the primary account holder’s credit card but is not legally responsible for the debt. This arrangement typically requires a willing primary account holder, such as a parent or trusted adult, who is generally at least 21 years old and maintains good credit.

Before adding an authorized user, the primary account holder and the 17-year-old should discuss clear spending limits and rules for card usage. They should also agree on who will pay the bill, as the primary account holder remains solely liable for all charges. The primary account holder should understand that the authorized user’s spending habits, if not managed responsibly, could negatively impact their own credit score. Responsible usage and timely payments by the primary account holder can positively influence the authorized user’s credit history.

To add an authorized user, the primary cardholder typically contacts their credit card issuer via phone, online portal, or mail. The issuer usually requires basic information about the 17-year-old, such as name, date of birth, and sometimes Social Security Number. Once added, the authorized user typically receives a card with their name on it, which may require activation. Activity on this card, including payments and credit utilization, is generally reported to credit bureaus, contributing to the authorized user’s credit history. Confirm with the issuer if they report authorized user activity, as practices vary.

Applying for a Joint Credit Card

Another less common, but possible, avenue for a 17-year-old to obtain a credit card is through a joint credit card account. In a joint account, two or more individuals are equally responsible for all charges and payments. This means both parties share legal liability for the debt, and one’s financial behavior can directly impact the other’s credit standing.

For a joint credit card, at least one applicant must be 18 or older, and typically 21 or older, possessing sufficient income and credit history. This option is less frequently available for a 17-year-old as a primary or co-applicant due to the legal age for entering contracts. Some financial institutions might offer it with strict parental involvement, especially if the 17-year-old can demonstrate a robust independent income stream. A parent or guardian willing to be a joint applicant must accept full legal responsibility for the debt alongside the minor.

Discussions regarding shared financial responsibility, potential impact on both applicants’ credit scores, and mutual trust are important before pursuing this option. Both applicants will need to provide identification and income details during the application process. The application for a joint account typically requires both parties to apply together, whether online, in person, or via mail. Approval depends on the creditworthiness of both applicants, with the adult’s financial standing often being a primary factor. If approved, both individuals receive cards and are legally bound by the credit agreement terms.

Age Requirements and Future Steps

In the United States, the general legal age to enter into a contract, including a credit card agreement, independently is 18. Some states, like Alabama and Nebraska, have an age of majority of 19. This legal standard explains why obtaining a credit card at 17 can be challenging without adult involvement.

The Credit CARD Act of 2009 introduced specific provisions impacting young adults seeking credit cards. This legislation generally requires individuals under 21 to either have a co-signer who is 21 or older, or to demonstrate proof of independent means to repay the debt. For a 17-year-old, this rule means an independent credit card application is typically not feasible without parental involvement, either as an authorized user or a co-applicant on a rare joint account.

Upon reaching 18, an individual’s options for obtaining a credit card expand significantly. They can apply for credit cards independently, though still subject to income and credit history requirements, and the Credit CARD Act of 2009 provisions still apply until age 21. Specific cards, such as student or secured credit cards, often become available and can be beneficial for building credit history. Regardless of age or method, consistently demonstrating financial responsibility is important for establishing and maintaining a positive credit profile.