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[quote=Anonymous][quote=Anonymous][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?

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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]

The answer is that it's always better for an adult to do things on their own whenever possible - this is particularly beneficial for a young adult.  So, it's better for them to figure out and open their own bank account, it's better for them to research, apply for and try to get any credit card that they might be eligible for on their own.  It's actually are REALLY beneficial exercise for them to get rejected for getting a card if they if they don't meet the requirements.  After all this, it might be the only solution for the parent to help/co-sign or allow them use of their card but skipping all of this and going straight to the card for the a young adult and a disservice to them and to society overall.

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You must be new here or from a long lost decade. That’s not how DCUM parents roll. [/quote]

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