Building good credit as soon as possible is never a bad idea. How old do you have to be to get a credit card?
The minimum age to open a credit card as the primary account holder is 18. But due to regulations from the Credit CARD Act of 2009, applicants 18 to 20 might encounter stricter verification requirements, including showing proof that they can independently repay what they borrow. Having income — such as a salary, regular paychecks, commission checks, or income from investments — protects young consumers from taking on more debt than they can handle.
Here's how Discover identifies what it counts as "total gross income," according to the description on the"Income means wages, salary or tips, you currently earn or can reasonably expect to earn. Other examples include bonus pay, commissions, and income from rental property, interest, dividends and retirement benefits paid.
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