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Feb 8, 2016
3:33
:39
pm
Born2Fish
All-American
Looking for a credit card for my 16 year old. Any ideas?
I figure that we would probably end up putting him on our existing cards, but I was hoping to find an option with a lower credit limit.
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Born2Fish
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Born2Fish
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May 14, 2008
Last login
Apr 28, 2024
Total posts
37,915 (3,632 FO)
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Messages
Author
Time
Looking for a credit card for my 16 year old. Any ideas?
Born2Fish
2/8/16 3:33pm
I have one. Put the crack pipe down.
Coach's Dad
2/8/16 3:34pm
Learning to deal with credit cards before adulthood is a great idea
donnerstag
2/8/16 3:39pm
No way man, I'm not putting it down.
Born2Fish
2/8/16 6:42pm
Horrible idea. Get him a debit card.
WhyKnot
2/8/16 3:35pm
Yup. Once I got trained on the debit card it was easy to go to credit.
Bert609
2/8/16 3:37pm
What if your entire focus in spending is getting credit card rewards?
donnerstag
2/8/16 3:42pm
No kidding. We had $1000 cash in Disneyland which was a huge boon for us
Bert609
2/8/16 3:45pm
I've heard Dave Ramsey say that his advice about credit cards is for people without financial discipline.
El Jefe
2/8/16 3:53pm
Yep. The rewards can be amazing
donnerstag
2/8/16 3:55pm
Especially for a 16 yr old!!! Get him a debit. (for OP)
kurda
2/8/16 4:15pm
You'll spend more using a credit card than you will cash/debit.
WhyKnot
2/8/16 4:01pm
I don't buy your axiom
donnerstag
2/8/16 4:04pm
It's a psychological thing, and it's been proven in studies.
El Jefe
2/8/16 4:13pm
It's certainly good to understand that trap
donnerstag
2/8/16 4:18pm
Never had El Jefe back me,...I guess I'll have a Budweiser and call it a career.
WhyKnot
2/8/16 4:36pm
since this is true - isn't is best that they learn these lessons of discipline when they are young and dealing with
HarlemCoug
2/8/16 4:39pm
No, get a savings secured credit card. That will build credit and does the same
workindev
2/8/16 3:54pm
Not a big fan of debit cards, I hardly ever use mine.
Born2Fish
2/8/16 6:44pm
Same here. I think debit cards are dumb.
cheezedawg
2/8/16 6:53pm
extremely bad idea
PickleButton
2/8/16 3:38pm
It probably depends on the kid
cheezedawg
2/8/16 3:46pm
I added a checking account for each kid tied to mine and 15-23 year olds have
Fdnman
2/8/16 3:43pm
I gave my teens American Express Serve debit cards. I deposit cash into my
Cougar-Duck
2/8/16 3:50pm
I think giving teenagers a credit card is a really good idea. You can set the limit. Let them make mistakes when the
HarlemCoug
2/8/16 3:59pm
Yup. I got my first credit card in high school.
workindev
2/8/16 4:01pm
Chase Freedom is awesome for the youths
TheismanHill1911
2/8/16 4:03pm
Credit card is a great idea, at 25 I had a perfect credit history with 10 years
gww687
2/8/16 4:04pm
Get a pre-paid debit card from PayPal. You have great control and visibility
VegasCoug
2/8/16 4:04pm
Dont you have to be 18 to get a CC?
CBaass
2/9/16 5:34am
With a cosigner you can get them whenever. If the minor defaults then the company goes after the guarantor.
HarlemCoug
2/9/16 8:42am
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