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What credit card companies allow minors?
Can you add a minor or child as an authorized user?
| Minors allowed? | Number of users allowed | |
|---|---|---|
| Capital One | Yes | Unlimited |
| Citi | Yes | Unlimited |
| Chase | Yes | Unlimited |
| Discover | Yes | Up to 5 |
How can a minor get a credit card?
Becoming an authorized user is the only way to get credit cards for minors in order to establish credit. Once an authorized user is no longer a minor, they can add their own credit card account to the mix.
Is it illegal for a minor to have a credit card?
Kids can’t open their own credit card account until they turn 18, and will need to prove independent income until they’re 21. But even before then, minors can benefit from becoming authorized users on a family member’s credit account.
How can I get a credit card at 16 without parents?
You can’t get your own credit card if you’re under the age of 18. But you can become an authorized user (more on that below). Even after you turn 18, the Credit CARD Act of 2009 states you’ll need to have either proof of independent income or a cosigner over the age of 21.
Can I add my 13 year old to my credit card?
Your ability to add your child as an authorized user on your credit card depends on their age and your bank’s rules. Children who are 18 and older can be added as an authorized user without issue. But some banks may not allow children under a certain age to be added as an authorized user.
Can I get my 14 year old a credit card?
You can get a credit card at 14 as an authorized user, but you have to be at least 18 years old to open a credit card account in your own name. In the meantime, you can begin to build credit as an authorized user, and you can always use a debit card for everyday purchases.
Can a 15 year old have a credit card?
No, you cannot get a credit card at 15. Anyone under the age of 18 is prohibited from entering into a legally binding contract such as a credit card agreement. Nearly all credit card issuers allow minors to become authorized issuers (with Synchrony, it varies by card), but some have minimum age requirements.
Can minors get a debit card?
What age can a child get a debit card? A child can typically get a debit card at 13 when a parent or legal guardian opens a joint teen checking account on their behalf. Teen checking accounts are typically available until the child turns 18.
How old do you have to be to get a credit card?
But credit card issuers make it easy to get a credit card for a child under 18 as an authorized user on your account. In fact, T. Rowe Price found in its 2017 Parents, Kids and Money survey that 18% of kids ages eight to 14 have credit cards.
What happens when you add your kids to a credit card?
By adding your kids as authorized users to your credit cards (depending on their age and the issuing bank), they will thank you when they’re older and have an easier time applying for their own card when the time comes. Additional reporting by Benét J. Wilson.
When to remove your child from a credit card?
If you run into financial trouble, you should remove your children as authorized users to protect their credit histories. There’s no standard time or age where you should add children as authorized users on your credit cards, but it’s important to weigh the pros and cons to see if your child is ready and could benefit from it.
Can a child be an authorized user on a credit card?
Adding a child as an authorized user on your credit card can help those who have limited or no credit history start building a credit file. This allows them to get better credit offers (loans, mortgages, car leases and more) once they are older.