Teenagers and Major Credit Card Companies?

Question

I'm curious about which Credit Cards (Like Visa, Mastercard, etc...) would allow a teenager to apply with no previous credit history if a parent cosigned.

Thanks.

Answer 1

Parent can't cosign for a credit card. got to be 18. your parents can add you to a credit card they have, but it will not help your credit very much. that's a closed loop-hole

Answer 2

Many credit unions do allow pre-18 year olds to have credit cards.
USAA even has a card for 13 year olds and up.

Some gas and store cards allow pre-18 year olds to have cards.

There probably are a few regular creditors that do, but the one that I know for sure that offers cards to pre-18 year olds is Cap One

But with that being said, parents should always judge whether their child has the knowlege about finances before allowing them to have one. The parents should also supervise the use of the card to make sure the card doesn't go overlimit and the balance is paid on time.

Answer 3

you do not want a mastercard for that. Secured credit traces are actually not very smart besides and credit is now only being presented to those with the shown capacity to pay. What you will desire to do is only open a checking account at a community economic enterprise and get a debit card. finding on your age, you may want a make certain to sign, yet I had a checking account whilst i replaced into sixteen.

Answer 4

Unless you are 18, no credit card will approve your application because credit card is a legal contract agrrement and a minor signature is not valid. I never heard about cosigning to get a credit card. However, a credit card holder can request an extra card from their account in the name of whoever they want.......and that person can build their credit from that......

Answer 5

It's become a lot more prevalent to offer teenagers credit cards these days. I guess there's PROs and CONs. If a parent co-signs, it's really their responsibility if problems occur.

Here's a helpful article that discusses guidelines on teen credit card use:

http://www.asapcreditcard.com/blog/creditnews/teen-credit-card-use-guidelines

Hope this helps. GOOD LUCK!

Answer 6

Until you're 18, it's unlikely that you will be able to get one even with a co-signor. You can't enter into a legally binding contract until you're of legal age and many if not most banks will only allow you to be an authorized user on a parent's account.