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How old do you have to be to apply for a credit card?

Learn the requirements for obtaining a credit card, and some alternatives for under-18s.

In New Zealand, you must be at least 18 years old to apply for a credit card in your name, as this is the age you are legally considered an adult. Minors can’t be held liable for contracts, and only adults can apply for credit products. This policy is part of the strict lending rules that protect young Kiwis from accumulating debt they are not yet mature enough to take on.

Other credit card application requirements

In addition to being at least 18 years old, you have to consider several other key application criteria when applying for a credit card. Requirements vary between providers and individual products, but the following are some of the most common conditions:

  • Residency status. The majority of cards require you to be a New Zealand citizen or permanent resident, but some cards cater to temporary residents.
  • Credit history. Credit history is significant when applying for a credit card, and your credit report and credit score should be very good or excellent.
  • Minimum income. Not every credit card lists a minimum income amount. But for those that do, the minimum income requirements typically range from $15,000 per year for a basic card.
  • Employment details. It is ideal to have permanent, full-time work when you apply for a credit card. However, there are cards you can apply for while working part-time, casually and when you’re retired or receiving government payments.
  • Personal details. You need to provide personal information, plus documentary proof of identification and income.

      What are the credit card options available for people under 18?

      Although you can’t apply for a credit card in your name while under 18, you can consider the following options:

      • Request to be an additional cardholder on your parents’ credit card. According to lenders, the age for this varies, at BNZ they may consider making you an additional cardholder from the age of 14, whereas at ASB it is 15. Your parents can add you as a supplementary cardholder to their credit card account, which means you receive a credit card linked to their account. However, they remain legally responsible for all expenses incurred on your card.
      • Get a prepaid credit card. A prepaid credit card lets you preload the card with money. It’s technically not a “credit” card, because you are responsible for providing the money you spend, but it can be useful for convenience, flexibility and learning about budgeting. With this card, you won’t fall into debt, and shopping is convenient since the card is accepted in the same manner as Visa or Mastercard.
      • Use a debit card. A debit card is similar to a prepaid card, except it is linked to a bank account. When you use this type of card, you are spending money that you have in your account. The difference between a debit card and a prepaid credit card is that the debit card is limited by your bank account balance, while a prepaid card is limited by the amount of money you preload on it.
      • Focus on saving. The importance of saving throughout your life is often underrated. Learning to save is a critical focus, especially before you get a credit card. This ensures you have funds to use when necessary and help prevent unmanageable credit card debt in the future.

      Before applying for a credit card, make sure you research 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 practices and protect consumers.

      Compare credit cards

      1 - 5 of 35
      Name Product Purchase Rate Annual fee Balance Transfer Rate
      AIRPOINTS
      American Express Airpoints Platinum Card
      19.95% p.a.
      $195
      N/A
      Receive 500 bonus Airpoints Dollars when you apply online by 08 August 2022, are approved and spend a minimum of $1,500 on your new card within the first 3 months of membership.This offer is available to new Card Members only. T&Cs apply. You will also earn 1 Airpoints Dollar for every $59 you spend on your card.
      AIRPOINTS
      American Express Airpoints Card
      0% for 6 months (changes to 19.95% p.a.)
      $0
      N/A
      Be rewarded with 50 bonus Airpoints Dollars. Simply apply, be approved and spend $750 on your new Card within the first 3 months of membership. This offer is available to new Card Members only.
      OFFER
      American Express Gold Rewards Card
      19.95% p.a.
      $200
      N/A
      Receive $200 credit when you apply online, are approved and spend $1,500 on your card within the first 3 months of membership. Offer is available to new card members only. T&Cs apply. You will also earn 2 Membership Rewards points for every $1 spent on eligible purchases.
      OFFER
      American Express Platinum Card
      N/A
      $1,250
      N/A
      Receive 200,000 bonus Membership Rewards points when you apply online by 29 August 2022, are approved and spend $2,000 on your new card within the first 3 months. This offer is available to new Card Members only. T&Cs apply.
      LOW RATE
      The Co-operative Bank Fair Rate Credit Card
      12.95% p.a.
      $20
      0% p.a. for 6 months
      0% p.a. on balance transfers for 6 months, plus benefit from a low rate of 12.95% p.a. on both purchases and cash advances.
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      Compare up to 4 providers

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