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.
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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.
