
Get exclusive money-saving offers and guides
Straight to your inbox
Updated . What changed?
We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!
In Australia, you must be at least 18 years old to apply for a credit card in your name. This is the age you are legally considered an adult in Australia and, as minors can’t be held liable for contracts, only adults can apply for credit products. This policy is part of the strict lending rules that protect young Australians from accumulating debt they are not yet mature enough to take on.
In addition to being at least 18 years old, there are several other key application criteria you’ll have to consider when applying for a credit card. Requirements vary between providers and individual products, but the following are some of the most common conditions:
Although you can’t apply for a credit card in your name while you’re under 18, you can consider the following options:
Before applying for a credit card, make sure that you’ve researched your chosen card and understood the terms, conditions and eligibility requirements. Rather than thinking of these requirements as restrictive, understand that credit card application requirements help uphold responsible lending practises and protect consumers.
Back to topPicture: Shutterstock
Get $250 credit back when you meet the eligibility requirements and 55 days interest-free on purchases.
Pay no interest on your credit card debt and clear it faster with a 0% balance transfer credit card. Compare and apply here.
How to start your landscaping business from the ground up.
The ANZ Rewards Platinum Credit Card offers a competitive rewards program, $0 annual fee for the first year, a $500 gift card, a balance transfer offer and a range of complimentary insurance covers.
Get ready for straighter teeth with our comprehensive PureSmile guide.
Available to Woolworths Group employees and family, this low-cost card comes with simple features and mobile payment options.
SPONSORED: In a time of financial volatility, here are the key ways to find a credit card that offers you bang for your buck.
This low rate credit card has a $0 annual fee and is available to firefighters and other service workers or volunteers.
A low rate platinum credit card that includes a cashback offer and perks such as complimentary travel insurance and purchase insurance.
The BankSA Vertigo Platinum card offers a $300 cashback a low ongoing purchase rate and a range of complimentary insurance covers.
how old do you need to be and who issued this rule?
Hi Sulfus, thanks for your inquiry!
The require legal age for a credit card for most providers/banks is 18 years. It would be best to contact the Australian Prudential Regulation Authority in regards to the legal requirements that have been set for credit card services.
Cheers,
Jonathan