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People can apply for credit cards at age 18, although they can apply through a spouse or parent if they are under 17. However, in case of debt, the responsibility lies solely on said spouse or parent. There is new legislation that is attempting to make it illegal for anyone under 21 to apply for a credit card.
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What are the basic limitation of credit cards?
In Canada, one must be at least 18 years of age in order to apply for a credit card. Once a credit card is issued, the main limitation is the available credit, which is the maximum outstanding amount you can have on your credit card at any given time.
How will your credit score be affected when the bankruptcy drops off?
That depends on, what's on your credit bureau file. The score will look at the age of your credit cards, balances and payment history
Does wescom offer secured credit cards?
Yes, they do. Just spoke with a Wescom loan officer this morning, July 3, 2012. *You may apply for a secured credit card with Wescom at the age of 17 with a parent on the same account or you may apply at 18 yrs or older for a solo card/accout. *Secured card amounts range from a minimum of $250.00 to a maximum of $1,000.00. *Wescom Credit Union DOES report to all three credit reporting agencies.
What is the average credit score by age group?
The average credit score is charted showing the relationship between age and the average credit scores. Younger people have lower credit scores than older people.
At what age are credit cards distributed?
16-18AnswerYou can get a credit card without a co-signer at age 18. But BEWARE...the avergae person in the US is about $8,000 in debt, and that number is growing rapidly among young people. A good rul of thinb: Don't use a credit card for anything you can't pay off completely by the end of the month.
What is the legal age in Florida to apply for credit cards?
18
What are the basic limitation of credit cards?
In Canada, one must be at least 18 years of age in order to apply for a credit card. Once a credit card is issued, the main limitation is the available credit, which is the maximum outstanding amount you can have on your credit card at any given time.
Who can apply for a goldfish credit card?
Goldfish credit cards are mostly applied for in the UK, through Barclay. You can apply online and/or you can also check through your local bank branch. There are also a number of websites that compare the Goldfish credit card to other credit cards, which is important to do before making a decision.
Can anybody apply for a credit card?
you have to be a certain age
How old do you have to be to get a Tesco Credit Card?
Most credit cards are issued to adults only. You are considered an adult once your reach the age of 18 years old. Tesco credit cards also use the age of 18 as the required minimum age.
At what age can one apply for a store credit card?
The legal age to apply for a store credit card is 18. Even though you cannot buy it by yourself, you can have it legally bought at 18 years of age with parents permission and guidance.
How do you buy stuff on your parents credit card?
This question depends on variable demographics, such as age and employment. People generally use Debit Cards they don't use credit cards nowadays, they can buy anything using their own money without being liable to questions.
Does your bank offer different credit card for students based on their age, credit, and current employment?
There are several different credit cards offered by banks for students based on their age, credit, and current employment. There are other criteria as well.
How do the new credit card laws affect students?
The new credit card laws impose stricter regulations on credit card companies when marketing to students, including limiting the issuance of credit cards to individuals under the age of 21. This ensures that students are not targeted for credit cards without the means to repay the debt. Additionally, it prohibits certain aggressive marketing tactics on college campuses.
What is legal age for credit card in US?
You must be at least 18 years of age to apply for credit in the US. However, you must have a co-signer and/or proof of adequate income. To independently get a credit card you must be 21.
Did Alfred p sloan made a major contribution to the consumer age with credit cards?
yes
How will your credit score be affected when the bankruptcy drops off?
That depends on, what's on your credit bureau file. The score will look at the age of your credit cards, balances and payment history
