Yup. Once I got trained on the debit card it was easy to go to credit.

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Feb 8, 2016
3:37:33pm

Bert609 All-American

Yup. Once I got trained on the debit card it was easy to go to credit.

haven't carried a balance yet.

*knock on wood*

Few things are worse than 25% interest!

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Bert609

Bio page: Bert609
Joined: Oct 25, 2004
Last login: Apr 24, 2024
Total posts: 55,316 (25,366 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

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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