How does someone acquire a credit card?

To apply for a credit card in the US, you’ll need a valid Social Security number and a positive credit history. The best rewards credit cards may require at least three to five years of good credit history, and some more than seven.

Is it possible for anyone to obtain a credit card?

The legal age to qualify for a credit card on your own is 18. However, you’ll need to have a regular source of income before you can be approved for a credit card. 1 Otherwise, it’s likely you’ll have to have someone apply for a joint credit card with you.

What’s the best way to get a credit card?

It’s easiest to apply for a credit card online. If you’re not sure which specific credit card or issuer you’d like to go with, there are a handful of websites where you can compare popular offers. Of course, you could always apply for a credit card the old-fashioned way by walking into the branch of a bank.

Do you need a checking account to get a credit card?

Bank credit cards are usually reserved for established customers. You’ll need an account. Having a checking account at the bank can help, in particular. If you are a long-time customer, the bank may ask you first about a credit card.

How to apply for a new credit card?

1 You will have to provide personal information, but also details on your citizenship, employment, and finances. 2 Be prepared to answer questions about your annual income but also the monthly cost of your housing and how much you have in “liquid assets,” i.e. 3 Submit the application and wait for your bank’s decision.

Which is the best way to get credit for the first time?

Taking on too many credit cards at once puts you at risk of creating more debt than you can afford to repay. Starting out with just one credit card is typically best. Then, apply for new credit only as needed. Look for your first credit card in places that cater to consumers who are just started out with credit.