i am 13 going to be 14 can i have a prepaid mastercard if i can can i by anything with it like tv speakers compouet etc..
do i have to pay evry mouth
2007-08-10 14:36:13 · 9 answers · asked by Anonymous in Business & Finance ➔ Credit
You have asked a good question. But sorry you can't have a credit card by yourself at the age of 13, even also at the age of 14. It is better to first possess adequate knowledge about using credit before going on to obtain one.
However, you could ask your dad or mom to add your name as an authorised user to one of his/her credit cards that he/she has used for more than two years and which does not have a late fee on it.
When you attain the age of 18 or 19, you could apply for a credit card by yourself if you wish to then. Therefore, it is not appropriate to apply for something that you don't have ample knowledge about, or that you don't know how it works!
For now, please pay more attention to your studies - and at the appropriate time, you would be able to obtain credit.
Derrick
2007-08-17 07:09:50 · answer #1 · answered by NETWORK ADMIN. 3 · 0⤊ 0⤋
With your parents approval, you can have a credit card. Most issuers will require you to be a signatory on your parents' account.
There are prepaid debit cards, like Visa Buxx, designed especially for teens. On those cards, your parents set limits on what you can buy and how much you can spend each day. This is the route I chose for my teen daughter to help her learn to budget and track her spending.
2007-08-10 14:56:40 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Prepaid means you give them the money before you buy anything. You are also to young to be a party to a contract, which you would be.
Your parents can get one for you to use, though. Just remember, pay first, buy later.
2007-08-10 15:11:26 · answer #3 · answered by Tom K 6 · 0⤊ 0⤋
this is like a gift card there is a set limit and when you reach it it gone until you reload it my though is that you keep paying into it and hold on to it till you find exactly what you want then spend it . but always reload it and just have fun learning about the financial world .
2007-08-15 13:50:54 · answer #4 · answered by thumper 3 · 0⤊ 0⤋
Yes.
2016-04-01 10:39:16 · answer #5 · answered by Madeleine 4 · 0⤊ 0⤋
you should check out the website first
2007-08-10 14:43:52 · answer #6 · answered by Chanelle L 3 · 0⤊ 0⤋
Why would you want to start using credit at this age? PLEASE don't go down that road any sooner than you have to.
PAY CASH!!!
2007-08-10 14:38:45 · answer #7 · answered by Anonymous · 0⤊ 0⤋
yep
2007-08-18 14:23:39 · answer #8 · answered by laylaw 2 · 0⤊ 0⤋
if you parents approve it.
2007-08-10 14:43:23 · answer #9 · answered by Michael M 7 · 0⤊ 0⤋