Are credit cards for teenagers a viable option?
Credit cards for teens>Teens and credit cards are issues that need to be dealt with astuteness. Though most state laws require individuals to be over 18 to be eligible for a credit card, teens can get a credit card if one parent co-signs the application. The effect is that the parent is held responsible for the payment, not the teen. Though many parents regard credit card debt as a scourge, teenage credit cards, if used right, can go a long way in teaching teens how to manage money. Credit cards for teens also offer many conveniences to the teenagers like free credit cards for teens, but teenagers should primarily use credit cards to build a good credit history so that when they graduate and start earning, they should find it easy to qualify for a job, rent an apartment, get a mortgage loan, etc. Normally, parents give their teen’s prepaid credit cards or low-limit credit cards. Prepaid credit cards for teens allow parents to curb their teen’s expenditure, as the cash has to be put up
