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The dream of most young people is to have a credit card to have more autonomy and purchasing power, however, you Do you know how old you are to get a credit card?
This financial product is an important tool in finance, but it must be used with caution to avoid becoming a major obstacle.
In today's text, you'll find out what the legal age is to apply for a card, and also how to know if you're ready to apply.
Don't miss it!
How old do you have to be to get a credit card?
We'll start this text by getting straight to the heart of the matter and answering what is the legal age to have a credit card.
In our country, you must be 18 years of age or older to access any type of credit service.
It is possible to obtain it at a younger age, but when you are emancipated.
Aside from age, someone so young will never be approved for any credit service, unless they already have a well-structured relationship with the bank or financial institution that wishes to apply for credit.
In addition to age, it is also important to prove your income and not have a bad credit history.
However, minors can benefit from additional cards, debit or prepaid.
This way, they start building their relationship early on and also learning how to use the card.
How do I know if I'm ready for a credit card?
Being young and independent is great! But with that freedom comes the responsibility of managing your finances.
And one of the big dilemmas at this stage is: should I have a credit card?
Don't worry, there's no need to despair! Before making this decision, we'll discuss with you whether you're ready for this adventure in the world of credit.
The first step to take into account is whether you have your own income.
A credit card is a tool for purchases and payments, not a magical portal to infinite money, in fact, that's how some children view this product.
Having your own income, whether from a job, freelancing, or even an allowance from your parents, is essential to ensuring you can pay your bills on time and avoid debt.
The second point we would like you to note is whether your expenses are under control.
Having control over your finances and learning to have a healthy relationship with money is something that should be taught from early childhood.
So, before you think about getting a card, do an honest exercise with yourself: can you control your spending?
Do you impulsively buy that piece of clothing you saw in the shop window or do you know how to wait for sales?
Managing money wisely is crucial to avoiding future problems.
The next point, in turn, is to see if you already have a good credit history.
Even if you've never had a credit card before, you're already building a credit history with other types of obligations, like cell phone bills or subscription plans.
Paying these bills on time demonstrates responsibility and increases your chances of being approved for a card.
In addition to knowing at what age can you get a credit card, It is also essential to understand how this product works.
So, before you order yours, take the time to understand how it works.
A credit card is a big responsibility. It means having complete control over your spending, paying bills on time, and avoiding accumulating debt.
If you don't feel ready for this responsibility, it might be best to wait a bit.
Card options for minors
The card can become a great tool for teaching financial education to children, teenagers and young people.
It allows young people to practice real-life concepts such as budgeting, spending limits, and financial responsibility from an early age.
Additionally, underage users learn to manage their own money, even if it is a limited amount. It teaches the minor to make informed decisions and have control over their finances.
The card can also be a starting point for important conversations between parents and children about financial literacy, planning, and goals.
Besides that, it's also an item that will bring more convenience and security. This is because it eliminates the need for cash, allows online payments, and gives you autonomy for small purchases.
With a digital account and debit card, it's also possible to build a good financial history, which will be very important when applying for credit in adulthood.
Now, let's look at some options. cards that accept minors, but already knowing that they do not have the credit option.
Since, in this text you have already found out how old you can be to get a credit card.
1. PicPay
PicPay is one of the fintechs that offers a digital account with a debit card for people under 18.
The account for minors is linked to that of their guardians, as are most of the options we mentioned in this text.
This way, parents have full control and monitoring over their child's account.
With PicPay, you can open an account from the age of 12. Up to 15 years old, you'll be asked for your guardian's email address and phone number.
But, from the age of 16, the teenager will have to send a photo of their ID.
The user has access to many digital account features, such as:
- Physical and digital debit card;
- Pix;
- Yield of the balance in 102% of the CDI;
- Payment via QR Code;
- Piggy banks.
To apply, the parent or guardian must already have a PicPay account. The app will offer the option to open a digital account for minors under 18.
If you don't already have an account, visit the PicPay website or download the app and open your account.
2. Inter
Inter's Kids Account is one of the most comprehensive and functional options. It gives your children more autonomy and offers services that will help you invest in their future.
In this option, we find the option of investments in fixed income and investment funds.
This way, you can save money safely and withdraw it with additional funds in the future.
See some features of Inter's Kids Account:
- Mastercard debit card;
- Pix;
- Child's name on card;
- Zero annual or monthly fees;
- There is no minimum age limit.
To open the account, the child will need to have a CPF and an identification document, in this case an ID card.
+ How to teach financial education to children? Find out by reading our full content!
3. Nubank
At Nubank, children and teenagers between 10 and 17 years old can also have a digital account with a debit card.
In this fintech, underage users have the option of using the Caixas (Little Boxes) to begin their financial journey and take advantage of other services offered, for example:
- Transfers via Pix;
- Cell phone recharge;
- Street Mode Function.
To request an account, parents must already be customers. The request must be made from the parent's account.
In addition to the three options mentioned here, the following companies also offer digital accounts for minors:
- Next;
- Mercado Pago;
- C6 Bank;
- Bank of Brazil;
- Itau.
+ 6 tips to keep your bills up to date and still have money left over at the end of the month
Conclusion
In this text you discovered with how old can you get a credit card, Additionally, some account options for minors were also found.
If you or your child is under 18, compare and see which is the best alternative.
However, if we are talking to a young person who is already old enough to apply for credit, see if they are ready to use a credit card before applying.
Having a credit card can be a great tool to achieve your goals, from shopping online to fulfilling dreams like traveling.
But use it wisely, responsibly and always with your feet on the ground!
