Cardholder Restrictions. What credit restrictions apply to persons under age 21?

The Credit CARD Act mandated that cardholders under the age of 21:(Select the best answer below.)

A.

must provide proof of income or have an adult cosign indicating responsibility for the debt in the event of non-payment. Credit card issuers are allowed to offer gifts to entice younger people to apply for credit.

B.

must provide proof of income or have an adult cosign indicating responsibility for the debt in the event of non-payment. Credit card issuers can no longer offer gifts to entice younger people to apply for credit.

C.

must provide proof of income and have an adult cosign indicating responsibility for the debt in the event of non-payment. Credit card issuers can no longer offer gifts to entice younger people to apply for credit.

D.

must provide proof of insurance or have an adult cosign indicating responsibility for the debt in the event of non-payment. Credit card issuers can no longer offer gifts to entice younger people to apply for credit.