credit card under 21
Despite CARD Act, Teen Able to Open $12000 Credit Card
How will the Obama credit card law affect me?
I’m 19 years old and I have my first credit card. The new Obama credit card law will restrict credit access to people under 21 when it takes effect. Will I still be able to keep my card?
Of course. You’re going to be grandfathered in. If you apply for a card after the law, you may have a hard time getting it. But with Obama’s law, as long as you can prove your income, you should be fine.