You should get a credit card when you’re 18 years old, which is when you can legally apply for one on your own. If you’re younger, you should ask a parent to make you an authorized user on one of their credit cards so you can start to build credit. While some issuers have their own age requirements, there is no legal minimum age to become an authorized user. Credit cards are an effective tool for building credit, even if you don’t use your card for purchases, so it’s best to get a credit card as soon as possible.
When you get your own credit card account after turning 18 years old, your best bet is to apply for a secured credit card or a student credit card. Just keep in mind that applicants under 21 need to have enough independent income to afford the card’s minimum payments. Once you’re over 21, you can include any household income that you have access to. But irrespective of age, it’s not a good idea to apply for a card if you can’t afford it.
If you manage your account responsibly, a credit card will play a positive role in your finances. You can get started by comparing the best starter credit cards and finding one that suits your individual needs. You can also use WalletHub’s CardAdvisor tool to get personalized credit card recommendations.
This answer was first published on 09/01/23. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.
