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I'm are 16 years old your parents want to get you a Debit CardSome type of Check Card even a Credit Card would be nice however you have been told that you must be 18 to legally have one even i?
Wiki User
∙ 15y ago
YOu can get a debit card as long as you have a bank account attached to it. My 14 year old has a debit card (check card) and I deposit her allowance directly into her bank account. It is easier than giving her cash and she keeps up with her account balance so that she doesn't overdraw on her account. yes, im 13 and my dad is getting me a debit card from tuxedo at master card. you have to be 18 to get a credit card. the good things with debit cards is that you cant go overdrawn with them its much better than a credit card!
Wiki User
∙ 15y ago
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Are parents legally responsible for child's credit card debt?
If the parents are the primary card holders and let the child use the card, yes. If the child is a minor, yes. If the parents are a co-signer for the account, yes. If the child is over 18 and the credit card is their own, no.
Becoming an Authorized User: A Credit Card Option for College Students?
Many college students have no credit, or a limited credit history. Fortunately, there is a way for college students to obtain a credit card and build their credit. For instance, if your parents have good credit, perhaps they can add you to their credit card account as an authorized user. As an authorized user, you can enjoy the ease and flexibility of using a credit card. Read on to learn more about becoming an authorized user, so you can get the credit that you need.Is it easy to become an authorized user?Yes, it is rather simple to become an authorized user on your parents credit card account. However, your parents may not be able to add you to their account if they have a poor payment history with that credit card issuer, or if they are currently over their spending limit on that particular account. Your parents can simply contact the customer service department for that credit card issuer to begin the process. In most instances, you can become an authorized user in a matter of minutes.What information do my parents need in order to add me as an authorized user?Your parents may be required to give the credit card issuer your full legal name, Social Security number, date of birth, drivers license number (or state identification card number), your contact details, and your employment and income information.Am I required to make payments if I am an authorized user?No, authorized users are not legally required to make payments to the credit card issuer. However, your parents may ask you to make payments directly to them whenever you use the card. Be sure to discuss this information with your parents prior to becoming an authorized user on their account.Will my parents payment history affect my credit score?Yes, if you are listed as an authorized user on your parents credit card account, their payment history will appear on your credit reports. So, if your parents make timely payments on their account, this can boost your credit score. However, if your parents default on their credit card account, it can have a negative impact on your credit history.Will I have my own credit card to shop with?Yes, for your convenience, your parents can request the credit card issuer to send them a card in your name. Please note that your parents may establish a spending limit for you on their account.How long can I remain an authorized user on the account?Generally speaking, you are allowed to remain an authorized user on someones account for as long as you like (or until that person removes you from that account).If your parents add you to their credit card account, it is important that you follow their rules and use your credit card wisely. Your parents are legally responsible for paying the credit card bill, so do not take advantage of the situation. And in a matter of time, you may be able to obtain a credit card on your own.
Can parents make choices for you when your 18?
You can control everything but credit cards in some states now. Its 21 to get one. But you can get one under them. So legally your parents don't have to your in control or whatever it may be.
How many credit reports are you legally entitled to per year from each credit bureau?
You are legally entitled to three credit report per year from each credit bureau.
Where can one apply for a first credit card?
Credit card is available at any bank but you require a few things: 1. Even-though you can get your card legally by 18, it is of importance that you have a credit history. 2. It is possible for you to get a credit card before 18 but you need your parents consent.
Can a teenager under the age of eighteen be legally obligated to pay back credit cards in the United States?
A child under the age of 18 is not legally obligated to pay back any credit card debt. Their parents are also not obligated to pay back the debt for them. The teen, however, can be taken to court and/ or face criminal charges for filing a false credit card application and also face charges if they used a social security number from another individual who was over the age of 18.
You want a credit but im only seventeen and you dont have a bank account?
your not 18, you can enter into a legally binding contract which is what a credit card entails because your a minor plus your parents are suppsoed to be financially responsible for you till your 18 and that means that they would be responsible for any bill you rack up on a credit card and credit companies don't really go for that, so the credit card is a no go. you can become an authorized user on your parents credit card but then you have to abide by the credit companies and your parents rules sorry kid :( -I'm 18, i looked into this when i was 17 too
Where can one apply for a student credit card?
One can apply for a student credit card when one is legally considered an adult. In the United States, that is eighteen years old. Prior to that, teenagers may use credit cards if their parents are responsible for the purchases and payments on the card.
Can a kid go to jail if they use their parents credit card?
A child under 18 cannot be criminally charged for using their parents' credit card in most cases. However, the parents can be held liable for any unauthorized charges made by the child. It is important for parents to monitor their children's access to credit cards to prevent misuse.
At what age can one apply for a store credit card?
The legal age to apply for a store credit card is 18. Even though you cannot buy it by yourself, you can have it legally bought at 18 years of age with parents permission and guidance.
What should you do to get paid collections off your credit report?
If the account is legitimately yours, then you cannot legally have it removed from your credit report. However, if you paid the collection account off, it should be reported as paid on your credit report. Still, the accounts will not be removed from your credit report for 7 years.
Can a seventeen year old have a credit score?
Sure. If they have credit history they could even have an okay score. Some parents open accounts in their minor children's names to start credit early. But most people don't start a credit history until they are at least 18 and can legally agree to the contract terms themselves.
