Bianca Smith, WalletHub Credit Cards Analyst
@bianca_stoian
One of the best secured credit cards for teenagers is the Bank of America® Unlimited Cash Rewards Secured Credit Card because it accepts applicants who are at least 18 years old, including those with bad credit. The card also offers 1.5 - 2% cash back on purchases and reports to the credit bureaus monthly.
This card has a $0 annual fee. However, applicants must put down a refundable security deposit of at least $200 to get the card. Additionally, they must have enough personal income to afford minimum monthly payments. There are several other secured credit cards for teenagers to choose from, too.
Notable Secured Credit Cards for Teenagers
It’s worth noting that teen students will likely get a better deal by applying for a student credit card. That’s because student cards are easy to get even with no credit, don’t require a security deposit, and offer generous rewards coupled with low fees.
If you’re not in school, getting a secured credit card as a teenager is a smart move because secured cards accept applicants with limited or no credit history and have low fees. If you want more options, you can easily compare the latest secured credit card offers on WalletHub.
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You can get a credit card at 15 as an authorized user, but you have to be at least 18 years old to open a credit card account in your own name. When you turn 18 years old, you’ll also need to show that you have your own independent income in order to qualify for your first credit card account. In the meantime, you can begin to build credit as an authorized user, and you can always...
read full answer by Adam McCann, Financial WriterCan you get a credit card at 17?
You can get a credit card at 17 as an authorized user, but you have to be at least 18 years old to open a credit card account in your own name. When you turn 18 years old, you’ll also need to show that you have your own independent income in order to qualify for your first credit card account. In the meantime, you can begin to build credit as an authorized user, and you can always...
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No, you can’t get your own credit card account at 16 because the law prohibits issuers from offering credit cards to anyone under 18 years old. The only way to get access to a credit card at 16 years old is if a friend or family member makes you an authorized user on their account. You won’t be responsible for bill payments as an authorized user, but you will build credit as long as the primary...
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