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Should a person own a credit card?

Updated: 9/25/2023
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8y ago

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A credit card is very useful nowadays for doing things like buying things on the internet, something more and more people do. So if a person knows how to properly look after their money and can keep control of a credit card, then they should make use of it. They should not need more than one credit card. If someone thinks it is a simple way of getting lots of money, then they don't really understand how to use one and they should not have one.

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Q: Should a person own a credit card?
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Continue Learning about Finance

Can a credit card be transferred from one person to another?

No. A credit card cannot be "transferred". A person must apply for a card using their own financial and personal information or they will be committing fraud.


What are the differences between a debit card and a credit card?

The difference between a credit card and a debit card is a debit card is for money that you place in your own bank account that can be withdrawn with a personal pin number. A credit card company lends the person money and charges interest.


How do you get your name off a credit card that you cosigned for 2 years ago if you cannot find the person you cosigned for?

Contact the credit card company and explain your circumstances. Whatever the problem, you are 100% responsible for the debt that person has incurred. Cancel their credit card (should have been done immediately) and pay off their debt! If you are fortunate enough to have your own credit cards after all this and have a good credit rating and you are paying off this person's debt then your credit rating will not be altered in any way. DON'T COSIGN FOR ANYONE! Marcy


Can the bank you have a second mortgage with and a credit card with attach that credit card to your second mortgage after a person is deceased?

Once a person is deceased all debt is completely erased from that person's credit. If they own a home and do not have a will nor a co-signer of the home loan the government will take over the ownership of that home. If they have credit card debt, the debt is forgiven and no longer in existense.


How old do you have to be to have your own credit card?

you have to be 18 to sign a contract for a credit card in your name.

Related questions

What is a credit card number for the game fantage?

it should be your own credit card. you can't use others credit card! or if you do that you will be permanently banned from fantage


Can a credit card be transferred from one person to another?

No. A credit card cannot be "transferred". A person must apply for a card using their own financial and personal information or they will be committing fraud.


What are the differences between a credit card and debit card?

The difference between a credit card and a debit card is a debit card is for money that you place in your own bank account that can be withdrawn with a personal pin number. A credit card company lends the person money and charges interest.


What are the differences between a debit card and a credit card?

The difference between a credit card and a debit card is a debit card is for money that you place in your own bank account that can be withdrawn with a personal pin number. A credit card company lends the person money and charges interest.


Can a person use credit cards in Italy?

Yes, as long as the premises (shop, restaurant etc) accepts credit cards. You should also check with your bank that your own credit card can be used in Italy (or whatever country you are traveling to).


How do you get your name off a credit card that you cosigned for 2 years ago if you cannot find the person you cosigned for?

Contact the credit card company and explain your circumstances. Whatever the problem, you are 100% responsible for the debt that person has incurred. Cancel their credit card (should have been done immediately) and pay off their debt! If you are fortunate enough to have your own credit cards after all this and have a good credit rating and you are paying off this person's debt then your credit rating will not be altered in any way. DON'T COSIGN FOR ANYONE! Marcy


Can a kid get a credit card?

yes you can get a kid a credit card on there own account


Can the bank you have a second mortgage with and a credit card with attach that credit card to your second mortgage after a person is deceased?

Once a person is deceased all debt is completely erased from that person's credit. If they own a home and do not have a will nor a co-signer of the home loan the government will take over the ownership of that home. If they have credit card debt, the debt is forgiven and no longer in existense.


Is it illegal to sign someones credit card receipt using your own signature?

It may not be illegal, but it would certainly be invalid. The credit card holder is the only person legally entitled to sign his credit receipt.


Can an adult child legally use the credit card of a deceased parent in the state of Georgia?

No, an adult child cannot legally use the credit card of a deceased parent in the state of Georgia without authorization. Unauthorized use of a deceased person's credit card could be considered fraud and may have legal consequences.


How old do you have to be to have your own credit card?

you have to be 18 to sign a contract for a credit card in your name.


What is a secured credit card?

a credit card that is secured by a deposit of your own money