Quick Answer: How Can A 13 Year Old Get A Credit Card?

Can you have a credit card at 13?

You typically have to be 18 years old to get a credit card on your own.

But credit card issuers make it easy to get a credit card for a child under 18 as an authorized user on your account..

Can a 14 year old get a prepaid card?

Applicants who are between 13 and 16 years of age will need parental consent to apply. They’re not credit cards — they can be prepaid debit cards, or cards tied to a checking account.

What is a good credit card for a teenager?

Credit cards popular with teenagersCompanyProductAnnual FeeANZFirst for Students$0 for full-time studentsCommonwealth BankStudent Credit Card$0 for full-time studentsWestpacStudent Credit Card$30 waived in first yearOct 25, 2016

Can I get a credit card at 17?

Most banks and credit card companies will not issue a new credit card or loan to a minor. … But otherwise, unless you are legally emancipated, you probably can’t open a credit card or a loan at age 17 with most issuers.

What prepaid card can a 17 year old get?

The best teen prepaid debit card is the American Express Bluebird Prepaid Card because it does not charge activation fees, in-network ATM fees, or monthly fees. Prepaid cards are not actually credit cards, though. There is no credit line associated with prepaid cards, and they do not affect your credit standing.

Can I put a credit card in my child’s name?

All you’ll need is your child’s name and Social Security Number and date of birth. Keep in mind, however, that not every credit card issuer reports credit history, for authorized users. … They will build a credit history by putting money into a savings account and getting interest paid to them.

What is the best prepaid debit card for a teenager?

The 7 Best Debit Cards for Teens in 2020Best Overall: FamZoo Prepaid Debit Card.Best for Earning Interest on Savings: Mango Prepaid Mastercard.Best for Cash Reloads: American Express Serve FREE Reloads.Best for Big Spenders: American Express Serve Cash Back.Best for Multiple Teens: Akimbo Prepaid MasterCard.More items…

Can I get a credit card for my teenager?

You can’t get a credit card at 16, at least not your own account. The law prohibits issuers from offering credit cards to anyone under 18. And even then, you’ll need your own income to qualify. … But you can get a credit card at 16 if a friend or family member makes you an authorized user on their account.

What is the youngest age to get a credit card?

18You can be an authorized user as young as 13, but you have to be 18 to sign up for your first credit card on your own. When you’re ready for this step, you’ll need to be prepared to show some documentation.

Can a 13 year old get a PayPal?

According to PayPal’s rules, a person must be at least 18 to open an account as it is illegal to enter into a contract unless you are an emancipated minor. PayPal does offer student accounts to children and teenagers, but to get one, an adult would have to sign for it and act as the primary account holder.

Can I get a credit card at 15?

Paul Kessler, CFP. 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. But there are some credit cards that permit minors to become authorized users on a parent or other adult’s credit card account.

How do you explain credit to a teenager?

Establishing Credit HistoryOpen a bank account so that you can have a way to pay bills and begin adding money to that account.Have a parent or guardian cosign on a prepaid credit card.When you can drive, get a car loan with an adult cosigner.Have a household or mobile phone bill put in your name, if possible.

What is the best bank account for a teenager?

What Are the Top 10 Checking Accounts for Teens?Chase Bank.Union Bank & Trust.USAA.Alliant Credit Union.Citizen’s Bank.Bank of America.First National Bank and Trust.Your Local Community Bank.More items…•