2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16
The development of lending has made it possible to obtain a loan in a few minutes. Banks do not require income statements, guarantors, they quickly check documents and set minimum requirements for clients. Today, even credit cards are issued from the age of 19, that is, students who do not have a permanent source of income. For more information on how to issue and receive them, read on.
Background
Not every banking product can be used by students. Credit institutions usually issue cards to persons over 21 years of age. In international practice, it is people who have graduated from the institute, having a small but stable income, are considered more reliable. But a few years ago the situation changed. Banks began to offer programs under which even a student can apply for a credit card without leaving home. The final decision largely depends on the income level of the potential client. Scholarships are welcome. Butbefore applying for a card, you should calculate all your income.
Target
Reducing the requirements for customers is done in order to expand the customer base. Therefore, many banks are willing to issue a credit card without proof of income. And even the unfavorable market situation, the increased risk of non-repayment of funds could not greatly affect the situation. Potential borrowers should be aware that credit cards from the age of 19 without proof of income are issued at an inflated interest rate.
Youth cards
A student credit card can teach you how to use funds effectively, plan expenses and service credit. On such cards, a small limit is usually set so as not to get into debt up to the ears. With such a limit, you can buy the thing you like, pay off the debt from the scholarship and not pay interest. A credit card for students is usually issued according to two documents, it makes it possible to accumulate bonuses and receive discounts. It features original design and low maintenance cost.
How to get a youth credit card?
The first step is to study in detail the offers on the market and choose a bank. The conditions of some banks for servicing youth cards will be presented below. The next step is to submit an application and agree on a credit limit. There are two ways to do this:
- visit the bank, fill out the form and collect the full package of documents;
- fill out an online application through the site and get confirmationabout loan approval.
The borrower must meet certain requirements. The term for consideration of documents ranges from several hours to several days. To issue a card in any bank, you need a passport of a citizen of the Russian Federation. As a second document, you can submit:
- passport;
- military ID;
- driver's license;
- 2-personal income tax certificate;
- TIN;
- copy of work book, etc.
Submission of a second document will allow you to receive a card on more favorable terms, for example, with an increased credit limit or with a reduced service rate.
Rejection
The Bank may refuse to issue a card without explanation. Most often, the prerequisites are the lack of a permanent source of income, registration is not in the region of residence. But this does not mean that the client will not be able to use a credit card at all. Often factors that are significant for one bank may not be so important for another lending institution. If you are denied by one bank, do not be upset, because you can always fill out an application for a credit card in another institution. Therefore, applications for credit cards from the age of 19 should be sent to several institutions at once.
Cards via the Internet
Online application for issuing a card is practiced by many credit institutions. Usually it is a brief information about the client who is interested in a particular product (full name, phone number, desiredcall time). The manager processes the information received and calls the client to invite him to the office to collect more detailed information and discuss specific terms of service.
Existing customers can apply online specifically for issuing a credit card. The bank already has all the information on a potential borrower. It remains only to determine the credit limit, issue a card and transfer it to the client. In this case, you will have to wait a couple of days until the card is sent by registered mail.
Before ordering credit cards from 19 years of age via the Internet, you need to choose the best offer on the site, focusing not only on the maximum credit limit, annual rate, but also on the subscription fee, commission for transactions. It is equally important to make sure that there are ATMs in the city of residence. Otherwise, you will have to pay an inflated commission for withdrawing funds from the account.
There are also those banks in which an online application replaces a paper counterpart. In this case, it should contain detailed information about the client. Most often they ask for passport data, phone number, region of residence. All information provided is verified through the Credit Bureau. Within a day from the moment of sending the request, a representative of the financial institution contacts the client, answers all questions of interest and tells the terms of service. If they suit the client, then the bank issues a credit card and sends it to the client by mail. Activation is usually carried out through an ATM or by calling the customer to the service center.
Which banks issue credit cards from the age of 19?
Credit cards allow you to save time on purchases. But it is quite difficult to issue such a payment instrument. Not all organizations are ready to issue a credit card to a young student who, apart from a scholarship, has no other sources of income. The same organizations that offer credit cards from the age of 19 (Alfa-Bank, MDM, Avangard) set the rate for such products at 50%. Such a payment instrument is intended for non-cash payment for goods. Therefore, a higher rate is set for withdrawing funds through an ATM. Usually it is 5% + a fixed amount. Let's take a closer look at market arrangements.
Tinkoff
The bank is the leader of the domestic market for issuing plastic credit cards without references. At what age can you apply for a credit card? From 18 to 70 years old. The limit per borrower is limited to 300 thousand rubles. Moreover, the bank offers the lowest rate on the market for similar products - 24.9%. This also affects the inflated demand from customers. Terms of service are considered individually for each client.
Bank of Moscow
This credit institution without a certificate of income issues such credit cards from the age of 19: “Low Interest” (classic and gold), “Gift to the Shrine”. For using the maximum credit limit of 350 thousand rubles. the bank charges 29.9% per annum. Maintenance of classic cards is carried outis free. The holder of a gold credit card will have to pay 1.5 thousand rubles. Within 50 days after the operation, no interest is accrued on the debt.
Renaissance Credit
This bank issues a "Transparent Card" with a limit of 300 thousand rubles. at 24-40% per annum. The product is available to customers aged 20-70. The registration process itself takes 15 minutes. The annual service fee for the card is 900 rubles.
Russian Standard
Credit cards from the age of 19 "Russian Standard" issues. The organization has a very interesting offer. The RSB World Cash Back card is issued to customers aged 25-65 at 29% and above. For using the card, the holder has to pay 950 rubles annually. The card is issued not immediately, but within three days after receiving an application from the client.
Sberbank
You can apply for a "Youth Credit Card" at the largest financial institution in the country. This product is available to customers from 18 to 30 years old. The amount that a potential borrower can count on ranges from 3 to 200 thousand rubles.
Gazprombank
Offers of this bank are more like an overdraft than a full-fledged credit card. The Bank provides its customers with the opportunity to obtain a loan in the amount of two average monthly salaries (maximum 500 thousand rubles) at 20% per annum. This service is available to persons over the age of 20.
URALSIB
The credit institution offers everyone over the age of 20 to apply for classic Visa cards andMasterCard with a limit of 10 to 500 thousand rubles. The service fee directly depends on the submitted documents. If the client was able to confirm his level of income, he can count on 21% per annum (18% - in foreign currency). For everyone else, cards are provided at 24% per annum (21% in foreign currency).
RaiffeisenBank
The credit institution offers everyone over the age of 18 to issue classic cards with a limit of 15 to 150 thousand rubles. Service fee is 24%.
Conclusion
Credit cards under 19 are designed specifically for students and young people who have a small but stable source of income. Such products have a small credit limit and moderate rates. Not every financial institution is ready to provide loan funds to a student. But among domestic banks, you can choose the best option.
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