22Jul/100
How a young adult can get a credit card
It used to be easy for a young adult to get a credit card. Often, they simply had to fill out the forms credit card companies mailed them once they turned 18. But new legislation has made it more difficult for people under the age of 21 to get a card, and has also changed the ways cards can be marketed to young people.
According to a new report in the Contra Costa (California) Times, there are now four ways for a young person to get a credit card, all of them aimed to protect people under 21 from taking on too much debt. A young person will now have to have an adult co-sign on the card for them, become an authorized user on an existing card, get a secured credit card, or make enough money to have their own.