Help, can my 18 yo apply?

[slap_happy]

Hi, my son is 18, I have made him an AU on a few of my cards, I made him AU on my highest lines all in 5 digits with a 1-3% util, his credit karma shows a 771 score with 3yrs aaoa since Amex started him at 1 month, he somehow inherited my age of account on the other 2. Can he apply for a cc? I have heard that if your under 21 and not in collage which he isn't that he would need a co signer or proof of income, he has not filed taxes yet? Any info would help

[Anonymous]

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@slap_happy wrote:
Hi, my son is 18, I have made him an AU on a few of my cards, I made him AU on my highest lines all in 5 digits with a 1-3% util, his credit karma shows a 771 score with 3yrs aaoa since Amex started him at 1 month, he somehow inherited my age of account on the other 2. Can he apply for a cc? I have heard that if your under 21 and not in collage which he isn't that he would need a co signer or proof of income, he has not filed taxes yet? Any info would help

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Under the Credit Card Act of 2009 anyone under 21 has to have income to support any credit granted or needs a cosigner.  Is your son employed and have a decent income?

[Callandra]

Does he have income? He may need at least $10k a year if he's not in school and not going for student cards. 

[slap_happy]

He's on pace to earn roughly 30,000 but has not paid taxes yet, this is the first time he has earned money

[Anonymous]

This is all good to know... this is why I love MyFico!!! Going to follow this thread to see what other bits of info I can learn.  Thanks!!  

[Creditplz]

My nephew who just turned 18 got a $4,000 approval from NFCU... Has no current employment, and is not yet in school.. Although he is going to go to UCI in August.