Credit card debt increases and increases, with very high interest rates (despite introductory offers), it is the most expensive way to purchase anything on credit...
Credit cards are extremely helpful when used correctly. I like using them a whole lot better than cash - especially when making large payments at one time.
I... view all arguments against
The only reasons banks say no is because they think kids will run up a huge bill and never be able to pay it. I know some banks have prepaid Visa cards but i think...
Sure, and the total spending limit on that card should be something like $100. Heck they could give credit cards to 1st graders as long as the limit were appropriate... view all arguments for
Hell no. Most adults can't even handle them responsibly these days; why give them to minors? Besides, WHEN (not if) they get into serious debt who do you think... view all arguments against
It would make the whole deal more complicated, and besides, people could just put their IDs on stolen credit cards and claim them as their own. view all arguments against
13 Dec 2007 21:09
