From now on, students are allowed to use credit cards on 16 years of age. But, this credit card will be provided to their guardians. They will get the additional or supplementary card. Credit card user must be student and above 16 years of age. Central Bank has introduced this amendment regarding credit card users’ age issue through a communiqué.
Previously, anyone of 16 to 18 years of age could use the additional card provided against their guardian’s credit cards. But now, it has been fixed only for the students. Those who are 18 years of age and have definite earnings can avail credit cards. Credit card has been introduced in Bangladesh for long time. But, recently Central Bank has introduced new different terms and conditions regarding credit card usage. Currently, around 10 lakh credit cards still exist in our country.