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Learn everything about how to get a credit card for those under 18 and discover the best options available on the market. Read until the end and check it out!
If you are considering taking out a credit card for your children, know that there are excellent options on the credit market for teenagers under 18 years of age.
In fact, taking care of finances at this age is an excellent path, as this way you can encourage financial education from an early age and form more responsible adults.
Luckily, in this content we will show you everything about how to get a credit card for those under 18, as well as which banks offer this type of credit. Want to know more about this subject? Then don't take your eyes off this article!
What types of credit cards are available for people under 18?
Before starting your contract, you need to have in mind information about the types of credit cards for children and teenagers, which currently represent three main forms, as we will see below.
Prepaid credit card
The prepaid credit card works like a regular credit card, however does not accept installment purchases and to use it you need to top up first.
The top-up can be made by bank transfer or by paying bills. In fact, our team can confirm that this is an excellent alternative for add pocket money for your children, mainly for children aged 7 and over.
College Credit Card
The university credit card is an exclusive option for teenagers who are starting a degree.
In general, the group of students is around 16 to 17 years old, they are not adults, but they are not children either. Therefore, the university card teaches teenagers from an early age to be responsible and learn how to work with the credit market.
Additional credit card
If you have a checking account at a good bank, you should definitely have access to good banking options. additional credit card. In this case, the institution allows you to share your limit with other dependents.
The amounts spent by these people are included directly in the credit card bill of the holder. In many institutions, it is possible to set a limit for each card, through the app or internet banking.
How to get a credit card for someone under 18?
Now that you know the types, let's get down to business! After all, how do you get a credit card for someone under 18? Let's find out the step-by-step process for carrying out the contracts mentioned in the previous topic.
How to get a prepaid credit card for someone under 18?
In this situation, it will not be possible to request a prepaid credit card directly in the name of the child or teenager. But You can order the prepaid credit card in your name and select additional ones for your children or dependents. and define the amount that each person will spend, in addition to having access to where the credit card was used.
In fact, getting this card is very simple, just have your ID and CPF on hand and select the desired financial institution. You do not need to prove income and in many cases the credit card has immediate approval and at the same time you have the possibility to purchase additional cards and recharge them.
How to get a college credit card for under 18s?
On the other hand, university cards are registered directly in the name of the minor, who must be over 16 years old.
To request the card, the young person needs to open a checking account and the parents or guardians must be present to sign the permission. Therefore, the documents of the adolescent and the guardian are necessary, in addition to a document to prove enrollment in the educational institution.
How do I request an additional card for a minor?
Additional cards are another option for minors, especially those who do not yet have their own income.
Many banks offer this option and the process is very simple. The cardholder must contact the institution, most of the time through the mobile app. Then, simply provide the dependent's details and accept the terms of the contract.
Banks that offer this type of credit
C6 Bank
If you have a active account at C6 Bank, there are two options for applying for a credit card for children or teenagers: additional card or Yellow account. In fact, there are several types of accounts available through C6 Bank, but in general the maximum number of additional cards released is up to 6, with no annual fee charged and the release can be done through the app.
Already the Yellow account The minor has access to a full account, to make PIX, transfers and even pay bills. However, it is not possible to share the limit with the dependent, so to use the card you need to have a balance in the account.
In fact, with this card, your child can use it easily on the internet to pay for subscriptions and delivery apps. One of the advantages is that for each transaction made, the cardholder receives an SMS notification on their cell phone.
Bradesco
The Bradesco card for under 18s is the Click – an exclusive current account for customers aged 16 to 17. The account is free, has no fees and comes with a debit card to make using money more easily on a daily basis.
Parents also have the option of scheduling their monthly allowance and children have access to educational content on financial education, courses in various areas and discounts on the CNA English course.
Santander
Santander has two options available: the additional credit card and the college credit card. Speaking about this second suggestion, the card comes with a checking account, but it has monthly fees. The difference is in the 50% discount that returns as a recharge on the customer's cell phone. In fact, university students do not need to prove their income and have access to a extra limit to pay for college.
Conclusion.
Credit cards and checking accounts, when used consciously and in line with financial education, become great allies when it comes to finances. This way, young people work on their expenses and responsibilities from an early age.
Now that you know everything about how to get a credit card for people under 18, look for the most attractive option for your profile and the age of your dependents. But first of all, it is necessary to teach the importance of conscious consumption and financial education so that the financial product has the necessary effects.
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