2007-01-02 10:03:52 · 4 answers · asked by Dezzy 1 in Business & Finance ➔ Credit
You must be 18 to get a credit card unless you have a cosigner.
If you think you are responsible enough for one I'd say go for it. Get a limit of say $500.00 on it and make sure you always pay off the balance every month no matter what.
A credit card can teach you good financial responsibility.
I had my first card at 14, with my mother as a cosigner. I have since NEVER paid any finace charges or late fees. and have a near perfect credit score. and I'm 40.
Once you start paying finance charges you are doomed.
What I did was use the card for convience, instead of carrying cash. I never bought anything on the card, unless I had the cash in the back to pay for it when the bill came in.
If you follow that advice you will begin to build a great credit history whitch is VERY important.
2007-01-02 10:13:32 · answer #1 · answered by alanpks4 4 · 0⤊ 0⤋
You have to be 18 to get ANY credit card. Credit cards are considered contracts and thus you must be 18 or they could lose their money.
2007-01-02 10:05:49 · answer #2 · answered by ? 6 · 2⤊ 0⤋
look for the lowest interest rate you can find, but WARNING: be careful!! It's very easty to get into debt FAST with a credit card...I know from experience!
2007-01-02 10:09:26 · answer #3 · answered by Anonymous · 0⤊ 0⤋
below 18 you cant make a contract, therefore without a cosignor..none of them are good for you.
2007-01-02 10:06:08 · answer #4 · answered by koalatcomics 7 · 0⤊ 0⤋