Are You Ever Too Old to Get Your First Credit Card?

You may have heard about the benefits of using credit cards responsibly. You can use credit cards to build credit and increase your credit score. If you have not yet opened a credit card, you may wonder if it's too late to get your first card. 

If you've never had a credit card, it's not too late to get one. A credit card can be a powerful financial tool whether you're 25, 45, or 65. The minimum age to open a credit card account is 18, but there are no maximum age limits. 

Adults in all life stages can open credit card accounts. So if you're an older adult without a credit card, don't let your age stop you from applying for one. Here's why you may want to get your first card. 

Credit cards offer many benefits 

Are you in your 30s, 40s, 50s, or 60s without a credit card? You may want to apply for one. Many adults delay getting their first credit card because they believe they're risky and worry they'll rack up expensive debt. If you use credit cards carefully, they can provide many benefits. 

Credit cards can be beneficial as long as you make responsible credit card usage and payment decisions. The best strategy is to pay your bill on time every month and pay your entire statement balance in full. This will ensure you avoid credit card interest charges and debt. 

Here are some of the reasons you may want to get your first credit card. 

Easily pay for purchases 

Having a credit card can make paying for everyday goods easier. Believe it or not, some businesses no longer accept cash payments -- likely to speed up the checkout process. 

A credit card makes it easy to pay for goods and services in person and online. While you can use a debit card when shopping online, it's crucial to be aware that debit cards don't provide the same protections to consumers. 

For example, if your debit card details are compromised and a fraudulent charge is posted to your account, you won't have the same protections as credit card users. Most credit card issuers offer $0 fraud protection for unauthorized purchases made with your card.  

Build credit 

Responsible credit card usage can help you establish and build credit. When you have a credit card account, your card issuer reports your account activity to the three credit bureaus. Paying your bills on time, keeping your credit usage low, and paying at least the minimum amount due every month are some key ways you can establish and build credit. 

Even if you're well into adulthood, there is still time to build your credit. If you ever need a loan, for example, a mortgage to buy a home, your credit report will be reviewed. Credit history and a good credit score can improve your odds of getting approved for a loan.

Earn rewards

You can also earn rewards with a credit card. Many shoppers have rewards credit cards that earn points, miles, or cash back. 

If you like the idea of getting rewarded when you pay for everyday purchases, you may want to get a rewards credit card. Check out our list of the best cash back credit cards to learn how to earn cash back rewards when you swipe your card. 

Now is the perfect time to get a credit card

Even if you've never had a credit card, now is an excellent time to get one. You can conveniently pay for purchases, build credit, and earn rewards. Not every card is the same, so choosing a credit card that meets your needs is essential.