My friend got one for her birthday. Its like a visa, but for the oyunger crowds.Anybody knwo what im talkign about?
2007-11-24 16:34:01 · 45 answers · asked by Anonymous in Business & Finance ➔ Credit
i just wnat a card that im able to use wherever visa is accpeted, and im able to deposit cash from it from an ATM or soemthing.
2007-11-24 16:41:44 · update #1
You can't have a credit card account, but you can have those gift cards that have credit value on them. Some places require signatures and IDs when you make purchases with those gift cards just as you would use an actual credit card. I got an American Express/Visa card with a $100 credit on it for my birthday. You can have one of those at any age.
But to be on your parent's credit card account, I believe you have to be a certain age (not sure), and you can be a carrier of their credit cards. But they will be financially responsible for all of your purchases.
2007-11-24 16:37:24 · answer #1 · answered by Anonymous · 3⤊ 0⤋
Yes, I work in a bank and I do know. You can get a card. Actual credit cards require a name, social, and 18 years of age and you cannot get one of those except a "user card" on an adult's card. Today, there are many "gift cards" out there and you can have one of these. Don't confuse these with a Best Buy card or a Target card, gift cards have the Mastercard logo or Visa logo0 and work like regular credit cards. Most are non reloadable and they can be expensive. You probably want a reloadable so you can use the same card over and over. These are known as "travel cards" - don't worry about the travel part. Be careful about where you buy them, the fees are horrnedous. Worst is American Express and big banks. Try to buy one from a community bank, not all of the banks have gift cards and travel cards yet, but they will soon. You don't need to be the customer of a bank to buy one from them, don't worry about that. Some banks may only sell them to their customers to avoid hassle of paperwork, just move on to the next bank if that is the case. You can load these cards with $25 to $500 typically. Here is a critical thing: Make sure you can "register" the card. This means that you can trace it if lost and you can get your money refunded to you. Equally important, it means that you can use the card on the Internet for purchases, such as ITunes.
Hope this helps.
2007-11-24 16:44:18 · answer #2 · answered by toolguy 1 · 1⤊ 0⤋
Stay away from credit cards!
Alternatively, you can have your parents open you a student checking account at the same bank they use. They will give you a debit card. This is usually a visa card and works just like a credit card...except that the money is taken directly from your bank account. If you do not have enough money in your account, the purchase is not authorized...always a good idea!
2007-11-25 01:23:57 · answer #3 · answered by IAGT 2 · 1⤊ 0⤋
Good Lord, what is the deal with all the young children trying to get a credit card ??!!
I think the first step is understanding credit and know how it works before getting one.
Educate yourself first. What is the rush. If you want to feel like you have a credit card, then go get a pre-paid card from Wal-Mart or something.
You are just not ready for the real thing yet.
2007-11-25 14:22:59 · answer #4 · answered by Shelliebit 2 · 1⤊ 0⤋
We got a Discover Card and a Visa for our daughter at 16 to help build her credit. Her FICA score was 687 when she bought her first car last month. We just had to request an additional card for her on already established accounts. Our son is 14 and we're about to add him to a Visa account. It's never too early to start building a good credit score.
2007-11-24 16:59:16 · answer #5 · answered by Perry1961 1 · 1⤊ 0⤋
As a minor, the only way you can get a credit card is with a co-signer (and adult who will sign on to be responsible for your debt should you fail to pay).
You can get a debit card. This is tied to a bank account. The money is not loaned to you with interest, rather, it is removed from your bank account, with fees tacked on.
Lastly, there is what they call "rechargable" credit cards. Essentially, these are debit cards. The difference is instead of having a bank account behind it, you send the company money (like GreenDot), and it is in an "account" that the money comes from. Sometimes parents will get these for their kids for emergencies. You may be able to get one yourself.
2007-11-24 16:40:53 · answer #6 · answered by Damocles 7 · 0⤊ 0⤋
Yes, but you need parental consent, you can get a debit card easier though, thats when you already have money in an account and you just take it out, credit is when you spend money you dont have and then pay it back in a bill, there are also "teen" credit cards but those have a pre set limit. Either go to a bank for a real thing (and talk to your parents) or go to frys and get a teen one (preset). Hope I helped!
2007-11-24 16:38:07 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Yes, you can get a bank account, and then ask for a "check card", which is basically like a visa card, but when you buy something, they take the money out of your account directly rather than billing you later.
You would need a cosigner though.
2007-11-24 21:24:29 · answer #8 · answered by Anonymous · 1⤊ 0⤋
NO, you cannot have a credit card unless someone else signs the liability portion for you and is then held responsible for payment. You are not of legal age to enter into a contract of any kind. You may be talking about a debit card which is then paid for from her parents checking account.
2007-11-24 16:40:03 · answer #9 · answered by Chris B 7 · 0⤊ 0⤋
The only way you can get a "credit card" would be to get a pre-paid one like the "Green Dot" card. You cannot have a genuine Visa, MasterCard, Discover Card, or anyother credit card because you are a minor and minor's can not be legally held accountable and they cannot legally sign a contract agreeing to anything financial.
2007-11-24 16:38:05 · answer #10 · answered by Vicky L 5 · 1⤊ 0⤋