At what age can you get a credit card?

A credit card is a payment instrument that provides access to the bank’s borrowed funds. Such an electronic wallet will help out in many situations. If you don’t have a credit card yet, check out Sovcombank’s offers: https://sovcombank.ru/cards/credit-cards .

Let’s consider at what age you can get a credit card.

Requirements for the borrower

Banks are accommodating to clients who wish to apply for credit cards. The conditions for obtaining a card are loyal. But the bank needs to be sure of the responsibility and solvency of the borrower, because the credit card holder assumes financial obligations. For young people who have just gotten on their feet, it may be problematic to fulfill them.

The "entry threshold" is set at 20 years of age. That is, by the time the loan agreement is drawn up, the applicant must be 20 years old. You can take out a credit card online before reaching 75 years of age.

In addition to the age limit of 20–75 years, the conditions are as follows:

• Russian citizenship;
• permanent registration in the Russian Federation for at least four months;
• work experience at the last official job of at least four months;
• personal cell phone.

In most cases, when filling out paperwork, it is enough to present a passport. However, the bank has the right to request a second document confirming the applicant’s identity, as well as to check his financial solvency, for example, by requiring documents for property (apartment, car).

Advantages of Sovcombank credit cards

Compared to a consumer loan, the card looks more attractive. Its main advantage is the ability to use borrowed funds without overpaying during the grace period. If you repay the debt without delays, there will be no commission.

You can pay for goods or services with a card if you don’t have enough of your own money, or to evenly distribute the burden on your budget. If you adhere to the rules set out in the agreement, the loan helps you close your current financial issues profitably.

Benefits of credit cards include:

• grace period during which interest is not accrued - up to 180 days;
• limit - from 45 thousand to 300 thousand rubles;
• free service;
• loan term - up to 5 years;
• Payments can be made in any convenient way - in cash, via online transfers, through other banks.

Important point: when the debt is fully repaid, the interest-free period will be renewed, and the loan can be used again without overpayment.

How to apply

Today the expression "Time is money" is especially relevant. Sovcombank clients do not waste time on formalities. You can open a credit card without visiting a branch.

To get a credit card online, you need to submit an application on the website or in the mobile app. It’s easy: enter your last name, first name, patronymic, and phone number in the application form. Employees will promptly process the request and contact the potential borrower. They will help you choose a suitable banking product. The card will be ready the day after you submit your application.

Russians aged 20 and over can quickly obtain a credit card and use the bank’s funds to meet their immediate needs.