Is It TRUE???

Credit Cards - Just a Few Credit Cards pack in a bunch haha.. nothing much. but .. yeah I have something like this. Well yeah this picture is just for my discussion that I am talking about that involves credit cards.
@payout (3722)
United States
April 8, 2010 8:23pm CST
I was told by some co-workers of mines that you have to be 21 years or older to apply/ Qualify for a credit card. I remember Seeing something on the news saying something about credit cards and a New Act going on about making less rates (APR) and etc. Now I apply for a credit the day before I heard this and I end up getting the credit card. GO Me huh.. haha.. Well yeah back to my (Is It True???) Question haha.. Do you have to be 21 years old of age to get a Credit Card Now?
5 people like this
16 responses
@akuler (3539)
• Malaysia
9 Apr 10
Hi payout, I think it is depend on the one country policies. Some countries has limited it to those who is 21 and above before they could apply for the credit card while some countries set it at the lower age. Here, we can apply it once we reach our 18th birthday and I think we can get a supplementary card at the lower age.
1 person likes this
@payout (3722)
• United States
9 Apr 10
Hello akuler, I live in the USA, It's pretty much the same. but I think they have change some of the rules and regulations because they are trying to help people and keep people out of debt. Which is reasonable in the end. just allowing 21 year old since they will probably have a job and be more mature. Not saying a 18 year old like my self can't be mature. :) Like my father tells me don't play with Credit. haha
1 person likes this
@akuler (3539)
• Malaysia
9 Apr 10
Even though I am qualify to get my credit card, I never give a thought about having one. I knew the benefit of having a credit card with us but I do not know if I could used it wisely. The higher number of credit card holder here (Malaysia) declared bankrupt make me wonder if I could be one of them. And most if the bankrupted person here is a younger generation. Most of them look for the minimum amount to be paid and this would increase their debt (because of interest) with the bank and at some point they would not be able to pay it at all. It is alarming and our government need to setup a taskforce to handle this problem. I prefer to use my debit card in any transaction because it is hustle free and we knew that the money we spent were ours. It is not the case when we use credit card.
1 person likes this
• United States
9 Apr 10
Oh??? I don't know about that age qualification part. I have a debit card. I'm not 21 though. I'm a little younger, but still adult. Perhaps you must be atleast 18 to get one. Credit/debit arent the same thing. so i'd imagine some logic behind requiring a higher age qualification for credit cards if there are any. Well i dont think you have to be 21. Get a credit card and you better hope you never get in serious debt lol. Lower the APR to get more potential clients, who will then screw themselves over and pay more money than they'd intended.
1 person likes this
@payout (3722)
• United States
9 Apr 10
I turn 18 years old in December, I got my credit card in February I think. Well yeah I was told they have made it 21 years of age. to be honest I think it's a good thing because if you think about it Credit companies/ Bank's wont abuse younger people like myself. Now my old APR is 22.9% the Act that was sent help me because they called me one day lowing the percentage to 10.9& believe those $12 can help a lot haha.. As of right now My credit limit is $500 but soon to be $750 in 3 months. haha.. after that probably higher.. Thank God I have no problem paying it off haha..
@tash01 (2032)
• Jamaica
22 Feb 11
Pleasant good day to you all. I have pass that age a long time ago, and yet i still don't have a credit card. Am from the Caribbean, Jamaica to be exact and we don't have that opportunity. Here you must be working and earning a minum of 50,000 dollars per month to obtain a credit card at the bank. I have even start to search for a prepaid credit here in my country but however not successful.Now i have turn to the internet to see if i cant get a re loadable prepaid debit card so that i want use only especially in pay pal. I don't know what the rule is in your country, but here you has to be 21 and earning over 50,000 dollar to obtain a credit card.
@sid556 (31005)
• United States
10 May 10
Unless they changed it the age was 18. All my girls got credit cards at age 18. They tend to target that group and they get them very easily and run them up with little means to pay for them. My oldest daughter was able to get a credit card at a local clothing shop with much less income than I and no credit. In fact I was unable to get a card at this same place because at the time, I'd only very rarely used a credit card and paid cash for everything and I was older...in my 40's. What little credit I had was good. Even better, she maxed this card out and then turned to me for help when she was struggling to pay it. Being a single mom, I wasn't able to pay it and she had to get an extra part time job in order to pay it off. Once when she missed a payment, they called me and tried to get me to pay it. I laughed at them.
@rberon1985 (5394)
• Philippines
27 Apr 10
First of all, i would like to congratulate you because you are already one of the million cardholders around the world.before i discuss about your concern,let me give you some pieces of advice about credit card.I am giving you an advice because you are one of the novice in the credit card industry.And we are fully aware that most teenagers and beginners and very aggressive to use the card.Then, at the later part, they will realize that they can no longer pay their debts and will lead they're account to become delinquent.This will be just a heads up so you won't suffer at the end.I know i don't have the right to do this,but i just to share my point of view because i have been working for a credit card company for the past 2 years and i can see the effect to the cardholders whose account has been delinquent.First foremost, use your card wisely.Do not buy things that are not really important.focus on the basic needs.Second,pay off the full outstanding balance of your card credit card on or before the due date to avoid surcharges.And lastly, do not ket your friends,use your card and let them pay later.This can destroy your friendship,i hope you know what I mean and it will also let you suffer if they don't pay at the end. Let me now go to your main concern.Here in our, you should be at least 21 years old before you become a principal cardholder.But iof you are a complimentary or supplementary card,you should be at least 13 years old. I think it all depends on the country, I think in USA,18 years old is already allowed to become a principal holder.
@thedaddym (1737)
• United States
12 Apr 10
They have just recently changed a lot of rules so it is possible. But up until a couple of months ago that was not true. Many 18 year old college students get lots of applications in the mail for credit cards. They are a prime target for credit card companies so unless the rules changed with the other new credit rules you just have to 18.
• Philippines
10 Apr 10
I had my credit card at the age of 22. I believe you have to have a job atleast 6 months and up and have a minimun salary in order to be qualify. there are some at the age of 19 have already have their credit cards. I never thought that there are rules like that now. i never heard of it. However, how old are you? and you are not qualified because of your age?
• Philippines
9 Apr 10
Payout: Even those who are below 21 can get a credit card provided that their principal allows them to and become extension to the principals' credit card. Some of them can put "caps" or limits as how much they can spend. This controls how much they could spend without going overboard. I got my credit card at a latter age (31 to be exact) and I got an extension card. It is good to know that you could save despite having a credit card.
@JJ4Ever (4696)
• United States
9 Apr 10
I've never heard of a law that states you have to be a certain age to qualify for a credit card. Unless there are government laws in place now, I can't see creditors waiting to offer people credit cards and credit lines until they're 21 years old. They would probably offer credit cards to 10-year-old's if they could - LOL! I don't know that there is an age limit. Now for me, I had to wait until I was 21 to get my first credit card because for some reason they were harder to get several years ago when I turned 21. However, as soon as I was a legal adult, I couldn't stop getting credit card applications in the mail. I still get them! It's crazy.
• Canada
9 Apr 10
Here in Canada, my nephew could get a card when he was 15, and on the news some were appalled that some kids could get a CC. Another show on tv wanted to find out if babies could get one, so they sent out an application as a joke for a baby of 6 months and yup, they got a CC for the baby!!!!
• United States
9 Apr 10
Nope. Not true. I worked at a bank. If you're legal for a contract, you're legal for a credit card. 18 baby! Not that it's a good idea to get a card at 18, but it is possible. That's why college students are targeted.
• United States
9 Apr 10
Where I live, you basically just have to have a steady, paying job.
@geniustiger (1699)
• Philippines
9 Apr 10
Dont know so far if that age 21 is the exact age of qualifications. I dn't have credit cards because afraid to have it in me for I am good in shopping and purcahsing some important things in life and after all hard to pay. I think even though 18 years old can apply because in our place they can be accepted in legal work if this age is okay. But I don't have idea of this yet. Might be the policy of the company to be secured enough its a delicate part of having a debt in different agencies. Sometimes a company policy and procedures and we cannot do anything upon it unless we will wait for the age that come that you could qualify.
• Philippines
9 Apr 10
in the Philippines, an 18 year old individual can apply for a credit card. but there's also an extension card, meaning that even a 13 year old can have a credit card, if their parents will apply them for an extension of their credit cards. i guess it just depends on the policy of every country.
• United States
9 Apr 10
I think it depends where you live. I live in Pennsylvania and here you have to be 18
@EvrWonder (3577)
• Canada
9 Apr 10
I do not think that you have to be the age of 21 or older in order to be able to apply for a credit card. My young niece has one and she wasn't 21. I think as long as you have a decent income and a good credit rating, you will be fine. The best thing to do is to call a credit card company that you may be interested in signing up with and just ask them. Easy. You will have a more precise answer in no time.