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RE: Credit cards for teenagers

Postby jonathanpaul » Sun Aug 08, 2010 09:02:07 AM

hi there,

i think it doesn't matter for a teenager to have a credit card because i think their parent are giving them card to use for their needs as well as their wants. their parent are ready to pay off their bills.

usually credit cards given to these teenagers do have certain credit limit which is commonly the average credit limit. unlike other credit cards that have high credit card limits.
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RE: Credit cards for teenagers

Postby RichelleM » Thu Jun 10, 2010 05:57:35 PM

I think teens should not be given credit cards because they are known to be bigger spenders than ever before, online and in malls. But if they should have credit cards, they ought to be given the best master credit card Canada.
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RE: Credit cards for teenagers

Postby RichardC » Sun Mar 07, 2010 07:21:06 PM

Start with whomever you bank with and ask an account manager what credit card products they offer at your bank.

Whatever you do make sure your teenager is fully up to speed on how to properly (aka responsibly) use a credit card.

This forum is peppered with folks who have trashed their credit and have been harassed by collectors because of poor financial education. It's just not something they ever learn in high school so be sure to make it clear to them because this is something you need to educate them on.

If you need some useful articles to share with your teen check these out, the first one is a must read for anyone who is new to using credit cards:

http://www.totaldebtfreedom.ca/articles/article_2.htm
http://www.totaldebtfreedom.ca/articles/article_3.htm

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Credit cards for teenagers

Postby bebiesean » Sun Mar 07, 2010 04:12:12 PM

Is it possible for parents to get a credit card for their kids in Canada? I know that in America, teenagers can get an American express and Visa, but how about in Canada? And what conditions usually apply for these credit cards?
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