How old do you have to be to get a bank card? Requirements, features, experience of other countries

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

To receive a payment card, the applicant must meet a number of bank requirements. Depending on the type, class, purpose of the card, there are restrictions on age, social status, income, creditworthiness and other criteria. Such requirements are determined both by the legislative acts of the country and by the internal policy of the issuing bank. This article will reveal the definition of this financial instrument and help answer the question of how old you can get a bank card from Sberbank and other financial institutions of the Russian Federation and neighboring countries.

Payment card: definition, types and purpose

A bank card is one of the types of modern means of payment. By appointment, there are two types: debit and credit. "Debitka" allows its owner to manage personal finances within the free balance on the account. It is used forreceiving various payments, making payments and transfers, withdrawing cash abroad, etc. A credit card provides access to a renewable limit - borrowed money from banks. For this service, the banking organization charges interest and sets the conditions for repaying the debt: term, additional commissions, pen alties for breach of obligations, and so on. To issue a card with a credit limit, the bank can check the source and amount of official income, as well as the applicant's credit history.

Age limit when opening a debit card in Russian banks

To find out how old you can get a bank card, let's turn to Russian law. The Civil Code of the Russian Federation states that the right to dispose of property is acquired from young children from the age of 6 with the consent of a parent or guardian. However, in practice, a different picture is observed: not every Russian bank is ready to issue a payment card at such a young age. Most often, a "children's" card is issued as an additional card to the main one. The expenditure of funds on such a card is fully monitored in Internet banking, where it is also possible to set a limit on cash withdrawals.

With obtaining a passport at the age of 14 in the Russian Federation, children acquire partial independence - they can officially engage in labor activities and receive remuneration for their work. From this age, minors can open a payment card without the consent of relatives or guardians. The choice of payment cards from commercial banks in this age segment is muchwider.

You can find out how many years you can get a bank card at Sberbank, VTB and other credit organizations from the following table. All data below is current as of January 2019.

Bank	Minimum age, years
"Sberbank"	additional - 7
	main - 14
"Alfa-Bank"	additional - 7-14, main - 14-17
Raiffeisenbank	additional - 6-14, main -14-17
VTB	additional - 14, main - 18
"Tinkoff Bank"	main - 14

How old do you have to be to get a credit card from Russian banks?

To approve a credit card, the applicant must be creditworthy, financially independent and aware of all the responsibility incumbent on him in the process of using the borrowed funds of the bank. This explains the increased requirements of banks for opening a credit card. Information on how many years you can get a bank card with a limit is presented in the table below.

Bank	Age threshold, years
"Tinkoff Bank"	18
"Alfa-Bank"	18
Sberbank	21
"VTB"	21
Raiffeisenbank	23

How old can you get a bank card in Belarus

In the Republic of Belarus, there is a legislative practice similar to the Russian Federation in the field of the right to dispose of property of minors, including cash. In order to find out how old you can get a card in this country, you need to study the market for plastic means of payment. So, for children from six years old, Belarusbank offers to open an additional card to the existing main one with a birth certificate, and for teenagers from 14 years old - a separate account with a card. Another Belarusian financial institution "Belinvestbank" has a similar offer: "children's card" as an additional to the parent account can be issued to children under 14; from 14 to 18 years old, upon presentation of a passport - a debit card with their own account. Under similar conditions, you can open a card for minors at RRB-Bank, Belagroprombank, Technobank, etc. Payment cards with a credit limit are issued after the age of 18.

Age restrictions for opening a card in banks of the Republic of Kazakhstan

To find out how old you can get a bank card in Kazakhstan, you need to refer to the offers of banks in this country. For example, in a subsidiary of Sberbank in the Republic of Kazakhstan, children from the age of six can open a "Children's card" linked to the main account, and from 14 to 18 years old - an "adult" card with their own unique personal account. Forto open a Kaspi Gold debit card from Kaspi Bank with their own account, the applicant must be at least 16 years old. In most other banks in Kazakhstan, in order to open a main card for minors from the age of 14, a birth certificate, the presence of a legal representative and his consent are required; from 18 years old - only an identity document. A credit card in the Republic of Kazakhstan can be issued upon reaching the age of majority, but banks in this country most often set a 21-year limit for this purpose.