How can i get a credit card for a teenager?

Answer 1

Most credit card companies allow the cardholder (in this case, the child's parent) to obtain a supplementary credit card that can be used by the cardholder's child. Please be aware though that the primary cardholder is 100% responsible for all charges made on the card, so you might want to think twice about giving a supplementary credit card to your spendthrift daughter or fiscally irresponsible son. In some cases, it may be possible for the credit card company to impose a spending limit (say, $500) on the supplementary credit card. Contact the issuer of the credit card for more information.

Answer 2

Getting a credit card when you are a Teenager is not the best idea I can think of, this is what I think:
I believe that Teenagers should not be given any sort of credit card because they usually show it off to their friends. This might be cool at first, but once the Teenagers start lending money, there is no more second chance, I call this ‘no money’. It is often said that Teenagers still have no self control when it comes to money. Teenagers go to all sorts of places and spend all of the money on a bunch of unnecessary things, this is called ‘no concept of money’.
All the money is earned but their hard working parent, given to them for emergency purposes and they just waste it all? These Teenagers have pushed the limit too far! Furthermore, if the Teenagers lose their credit card, then they will not be able to use the card in situations that require money for example when you an accident has occurred and you need to see a doctor. In conclusion, Teenagers do not have what it takes to get a credit card at such age, whether or not these happen to the Teenagers we should all be careful because we do not know what they are going to do next.

Answer 3

For starters, if the teenager is one who is unable to responsibly handle that kind of power with money, a credit card is a very bad idea. Before you get a credit card, make sure the person using it realizes the risk that they're taking and is able to handle it.

It really depends on the bank that you go to, but most will have a student visa program. I never applied for one, but from what I've heard about it you need either a parent or guardian to sign off on it - a teenager cannot just get themselves a credit card (the only possible exception to that would be emmancipated teens).

If you're a teenager looking to get a credit card, then start by talking to your parents. Do a bit of research with your bank before hand, so that your parents can see that you're prepared and know what you're doing. However, be careful, because in the end, this is your credit history that you're messing with.

If you're a parent looking to get a credit card for your teenager, you might want to make sure that they're responsible to handle this. Once again, do a bit of background research with your bank, but also make sure you have a conversation with your child before you get them a credit card. Surely you've heard of the horrors of bad credit.

Answer 4

As long as the person is over 18 years of age you have a number of options. Apply for a Aqua card yes high interest rates but if no previous credit history a good choice also a low credit limit, 2nd is to have the 18 year old as an additional cardholder on your account again keep the credit limit low as you will be responsible for their spend.

Answer 5

Credit card for a teenager is a recipe for disaster.

A better teaching example for a teenager is to buy them a Visa Gift card (pre-paid) with an amount, in total, you would be willing to lose if the teenager overspends or has sprees.

Thus, when the teenager exceeds the value of the gift card and runs out of money before he/she runs out of month, you can encourage them to pawn some of their things or to do extra jobs to get the money as "regular folk do!".

With the Visa gift card, you can teach the personal finance lesson to your teenager and give them limited access to money without risking your own credit score!

Answer 6

The question is: Why would you get a credit card for a teenager?

Answer 7

You know your teenager better than anyone on Yahoo Answers. Are you certain they are responsible enough to have a credit card? If not, you could be asking for problems. You will probably need to co-sign on the account which makes you liable if they default. I would recommend against adding them to an existing card. If they get in trouble with the card, it is easier to freeze the account if you don't use it yourself.

Answer 8

Don't do it. I know its more of a hassle for them not to have a credit card but the first year my brother went on to college, we got him a credit card. We told him it should be used for emergency purposes only. Did he listen? NO! He went on a shopping spree (relying on financial aid to cover for the cost). Well, when his financial aid finally got here, he had to give up $2,000 of it to pay back the card, leaving him with practically nothing again. My older brother took away the card because he didn't understand how to use it and what an emergency meant. He spent $100 on sunglasses just because he knew he would pay it back...instead of just waiting for his money to get there. If your teenager needs something that needs to be put on a credit card, its better that you are there to see what it is he or she is buying.

Answer 9

First, if over 18, and has a job and the parent co signs, as for a store credit card that the parents have, they would give one, usually if good credit is in standing for the parent and of course, no credit for the child!

Answer 10

You can't get a teenager a credit card in their name unless they are 18. Even then, you'd have to co-sign most likely. Try your bank to see if your child qualifies for one. Otherwise, the only thing you can do is make your teenager an authorized user on yours. You might want to think about only authorizing a small amount though :)