The DFCU Student Visa Platinum Card is available to teens from the age of 14, but only as an authorized user on a Michigan resident’s account, per Michigan (and federal) law. You need to be at least 18 years old to apply for your own credit card account. And since the Credit CARD Act of 2009, applicants under the age of 21 must have independently verifiable income (i.e. not a parent’s income) or a cosigner with sufficient income. The cosigner, who must be 21 or older, would share responsibility for any debt incurred on the card.
Teenagers under 18 who are added as authorized users for the DFCU Student Visa Platinum Card will share a credit limit with the primary cardholder. Past 18 years old, you can get a limit up to $2,000, so long as you have qualifying independent income. The DFCU website currently states that teenagers ages 14-17 can be approved for this card with a co-signer, but this is incorrect. A teenager may only have a credit card as an authorized user on someone else’s account until they turn 18. DFCU said they would correct the error on the website, but they haven’t as of yet.
The DFCU Student Visa Platinum card formerly had a counterpart called the DFCU Teen Visa Platinum card, designed for high-schoolers under 18 years old. The 2 cards were rolled together into a single card, the Student Visa Platinum card, which fills needs of teens and students. It works much the same way—it’s just not aimed specifically at teenagers, especially ones who aren’t in school.
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