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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.
What else can I help you with?
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.
Can having too many credit cards hurt your credit score?
Yes, having too many credit cards can hurt your credit score because it can lead to higher overall debt levels and lower average account age, both of which can negatively impact your credit score.
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.
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.
What is the minimum age to establish credit?
In the United States, the minimum age to establish credit is typically 18 years old, as this is when individuals can legally enter into contracts. At this age, young adults can apply for credit cards, loans, and other financial products in their name. However, individuals under 18 can still begin building credit by being added as authorized users on a parent’s or guardian’s credit card account.
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.
How do the new credit card laws affect students?
The new credit card law called the Credit Card Reform affects students by not letting card issuers lure students in with freebies or offers for a credit card application. This law limits issuing credit cards to people under the age of 21.
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.
Can kids get credit cards?
Kids cannot typically get credit cards in their own names until they are at least 18 years old, as this is the minimum age to enter into a credit agreement in most countries. However, parents can add their children as authorized users on their credit cards, allowing kids to use the card while helping them build credit responsibly. Some banks also offer prepaid cards or debit cards designed for minors, which can help teach financial responsibility without the risks associated with credit cards.
Can having too many credit cards hurt your credit score?
Yes, having too many credit cards can hurt your credit score because it can lead to higher overall debt levels and lower average account age, both of which can negatively impact your credit score.
