Is there a minimum age to have a credit card?

Answer While it is not explicitly illegal to issue credit cards to minors---no matter how young---many credit card companies shy away from doing so. One significant reason for this is that contracts enter... Read More »

Top Q&A For: Is there a minimum age to have a credit card

To build personal credit, is it best to pay total balance on a secured credit card or just pay the minimum req?

What is a credit card minimum payment?

A credit card minimum payment is the least amount of money a credit card holder is required to pay on an account that has a current balance. The credit card issuer will typically apply a late payme... Read More »

How do I calculate minimum credit card payments?

Read the terms and conditions for your credit card account to determine both the minimum monthly payment and the percent of your total balance that your credit card company uses to calculate the mi... Read More »

How Is a Credit Card Minimum Payment Computed?

Credit card companies can use slightly different equations to determine a minimum monthly payment but the basic principle is the same -- a person pays a set amount based on account balance. Credit ... Read More »