What Age Can You Be to Get a Credit Card?

Understanding the age requirements for obtaining a credit card is a fundamental step for anyone considering this financial tool. Eligibility involves more than just reaching a certain birthday, as specific regulations and issuer policies also play a significant role. Navigating these rules helps individuals determine the appropriate path to credit access.

The Legal Minimum Age

The ability to enter into a legal contract, including a credit card agreement, generally begins at 18 years old. The Credit Card Accountability Responsibility and Disclosure (CARD) Act of 2009 changed how credit card companies issue cards to young adults. This federal law protects consumers, particularly those under 21. Under the CARD Act, individuals under 21 must demonstrate independent means to repay debt or have a co-signer who is at least 21 and can show repayment ability. An 18-year-old’s approval for a credit card depends on proving financial independence or securing a co-signer.

Credit Card Access Before Age 21

For individuals under 21 who may not meet the independent income requirement, or even those under 18, specific avenues exist to gain credit access. Becoming an authorized user on an existing credit card account is a common and effective method. An authorized user receives a card linked to the primary cardholder’s account, allowing them to make purchases.

While authorized users can use the card, the primary cardholder remains solely responsible for all payments and debt incurred. This arrangement helps younger individuals begin building a credit history, provided the primary cardholder manages the account responsibly with timely payments. Many card issuers allow authorized users as young as 13, though specific policies vary.

Another option, though less common for credit cards than for loans, is applying with a co-signer. A co-signer, typically a parent or guardian, agrees to share legal responsibility for the debt, meaning they are obligated to repay if the primary applicant does not. This can help a younger applicant qualify by leveraging the co-signer’s creditworthiness and income. However, many major credit card issuers no longer permit co-signers for new credit card accounts, which limits this pathway.

Applying for Your First Credit Card at 21+

Once an individual reaches 21 years of age, the primary hurdle for credit card approval shifts from age restrictions to demonstrating a sufficient ability to repay debt. Credit card issuers require applicants to show a stable income or other financial resources. This income can include various sources beyond just a salary, such as wages, tips, bonuses, and income from self-employment. Other acceptable income sources may include retirement benefits, Social Security benefits, public assistance, investment dividends, and even an allowance or regular gifts if the applicant has reasonable access to these funds.

For those applying for their first card at 21 or older, a lack of established credit history, often referred to as a “thin file,” can present a challenge. In such cases, options like secured credit cards, which require a cash deposit as collateral, or student credit cards, designed for those enrolled in higher education, can be more accessible. These types of cards often have different eligibility standards and can serve as effective tools for building a positive credit history through responsible use.