QoD: What is the right age to get a credit card?

Mar 10, 2019
Question of the Day, Credit Cards

Answer (based on survey of 1,000 adults): 22


  • Do you have a credit card?
    • If yes, when did you get it?
    • If not, when do you hope to get one?
  • Would you feel comfortable asking your parents to help you get a credit card as it is difficult to get a card before the age of 21 unless a parent co-signs or  you have a job? 
  • Are you confident that you can manage having a credit card? Explain your answer. 

Here's the ready-to-go slides for this Question of the Day that you can use in your classroom.

Behind the numbers (creditcards.com):

The survey asked 1,000 adults when a young adult should get his first credit card, and the average response was age 22, with the median age of 21. One-third of respondents said 18-20 year-olds should have their own credit cards. Another 3 percent said those under 18 should have their own cards. However, 36 percent of millennials in the 18-29 age range have never had a credit card themselves, the survey found.


Looking for more resources to help your students manage various credit products? Be sure to check our Types of Credit resources page




About the Author

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.