How old do you have to be to get a credit card

There are numerous times when you need something but you can’t buy it. And this is because you don’t have enough money at that moment. At that time, you think if you had a credit card then you can buy that thing immediately.

Because with the credit card, you can buy the thing when you want and pay later to the bank. But for having a credit card is not so easy. For this, you have to stand out on the eligibility criterion which is decided by the bank from where you want to get the credit card which also includes how old do you have to be to get a credit card

Read More:

How Old Do You Have To Be To Get A Credit Card From Any Bank

When you are checking for the eligibility criteria the very first question is how old do you have to be to get a credit card? because every bank has its eligibility criteria to give credit cards to their customers. That’s why is it important to check the eligibility criteria first of the bank. Even not only age but different factors differ from bank to bank. That’s why you have to first check the criteria, and if you are eligible and fulfill all the aspects of getting the credit card then you can apply for it with your bank and get a credit card in some time. 

Eligibility for how old do you have to be to get a credit card

Let’s check what eligibility requirements for getting a credit card. Some of the common eligibility criteria are given below and these are:

  • Age

For getting a credit card, how old do you have to be to get a credit card is the most important question and for this, your minimum age must be 18 years old. But some banks have the age minimum age for allotting the credit card is 21 years old. Even sometimes the age requirements will go to a maximum of 60 years old.

  • Nationality

The banks also check for the nationality of the person who wants to have a credit card. Some banks give a credit card to another nationality person, but some allow to give credit cards to only Indians.

  • Annual salary

For the credit card, your salary also matters. You have an annual income of at least 3 lakh per year. Even you can check this with your bank as well because it is also different.

  • Employment

If you are employing for more than one year or have your own business then you will get a credit card. 

  • Existing debt

The credit card provider first checks your last debt or your ratio of credit utilization, which means if you cross the limits then they will not approve your application. 

Previous articleHow Old Do You Have To Be To Rent A Hotel Room?
Next articleHow old do you have to be to work at McDonald’s
Nicky known as Nicky Parker, I am a writer and an industrialist by profession. My age is 33 years. My aim is to gather the attention of the targeted audience without being boring and unexciting. I like to utilize the free time in writing my views and thoughts for my book lovers or readers. My most preferred articles are usually about services and business, finance; however, I have written various topics in my articles. I do not have a specific genre. I get very creative when I have to express myself, I often sing, write, or draw to portray my feelings. When it comes to my free time or you can say ‘ME-TIME’, I love to play with my cat, sleep an extra hour or play my favorite video game