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Is it true that lying about your age on a credit card application is not fraud?

Credit Card Applications
If you intent to pay back the balance, and remain in good standing with the card company, is it true that lying about your age and saying you are 18 is not a crime?
I was told that although very unethical to lie about your age, that unless you get the card with the intent to not pay back it is not fraud.
But is it not the company that is to ensure they are not doing business with a minor?