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I don't think that is a good practice if parents would allow their teenagers to have credit cards.
The reason in general most teenagers shouldn't have a credit card is because until you reach the age of 18 you cannot legally sign a contract and be held to it. Someone else would be responsible to repay the debt if the teenager doesn't.
Another reason it may not be a great idea is because teenagers are just learning to handle finances. It is much more responsible to learn to live within your budget without relying on credit.
A teenager with a job should consider opening a bank account and using a debit card, rather than a credit card. Another option is a prepaid card, where the card has x number of dollars already paid for and is used just like a regular credit card.
Wiki User
∙ 12y ago
It can be beneficial for teenagers to have a credit card to start building credit history, learn financial responsibility, and emergencies. However, it's crucial for parents to monitor their spending habits closely and provide guidance to avoid falling into debt.
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Should teenagers have credit cards why?
Yes - and no... It depends on whether the individual teenager is capable of using a credit card sensibly, and would likely pay back the balance quickly.
How can teens get a low interest credit card?
It is not recommended for teenagers to have credit cards as it would be more ideal to wait until they are more mature. Teenagers can apply for credit cards but are often declined due to low income.
Who should you call if a credit card company listed you as deceased on your credit report?
You should call the credit card company.
What should be your first credit card?
American Express. Beastly Credit Card.
After scanning a customer's credit card the machine tells you to confiscate the card What should you do with the customers credit card?
After scanning a customer's credit card, the machine tells you to confiscate the card. What should you do with the customer's credit card?Call the bank that issued it immediately. The telephone number is on the back of the card.
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 I get credit cards after bankruptcy?
It is possible to recover from a bankruptcy. You should start by getting a secured credit card to rebuild credit. After about seven years you should be able to find a standard credit card that will allow you to get a card.
What age should one have to get an Icici credit card?
Someone can get an Icici credit card starting at age 18. Age should not be the main consideration when getting a credit card. Credit history and responsibility are important.
After scanning a customers credit card the machine tells you to confiscate the card What should you do with the customer's credit card?
destroy it
After scanning a customer's credit card the machine tells you to confiscate the card What should you do with the customer's credit card?
Keep the card , and or destroy it .
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
How do you create an Apple ID without a credit card?
The last option on the credit card choices should say something like "No Credit Card "
