There are credit cards available for 16-year-olds, but requirements for approval vary. All credit card applications submitted by applicants under the age of 21 must have a co-signer, according to the Credit Card Act of 2009.
The DFCU Financial teen and student Visa credit card is geared at 16- to 18-year-olds in an effort to help them build credit responsibly. While there are not many companies that offer credit cards for use by 16-year-olds specifically, there are multiple options available for students and young adults. The credit score of the person co-signing for a credit card for use by a 16-year-old impacts whether the application is ultimately approved.