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Card Options For Those Under 18 |
| Published: December 31, 1969, 7:00 pm |
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Card Options For Those Under 18By Jeremy Simon With credit cards making life easier for millions of Americans, younger consumers may wonder when they too can get in on the action. However, consumers will generally have to wait until they are at least 18 until they can apply for a credit cards.Still, there are options for younger people who want to enjoy the convenience of plastic before they turn 18.Younger consumers can be added to an adult's credit card account as an authorized user. For an existing credit card account, the adult will need to contact the issuer and request to have an authorized user added. Alternately, young consumers may be able to get someone older to co-sign a credit card application for them. The danger in both cases is that they could hurt the credit of someone who did them a favor if any delinquencies occur. Additionally, any financial missteps by the authorized credit card user could harm the young [ Full article ] |
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