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Reply to "18 year old credit card question"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]My 18 year old is going to college in the fall, and I will open a bank account for him, which will come with a debit card. Do banks give teens credit cards easily, or do they have to first be authorized users on their parents' card? Any advice is welcome, thank you.[/quote] At 18, they are no longer required to have a parent or guardian to open a bank account, why can't they open this bank account for themselves? [/quote] Any adult can open a bank account. But only a few student credit cards are available for non-working college students with little credit history. The question is, is it better to be an authorized user on a parent's credit card for a while, or take up one of those student cards? [/quote]
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