How Old is Old Enough for a Credit Card?

[JBeukema]

My daughter has a piggy bank and occasionally collects coins and adds them to her lot. Sometimes, she spills out the contents and enjoys putting each coin back in the bank through the slot at the top one at a time. But I wouldn't say she's good with money.Aside from the shape and color, she can't differentiate between the pennies, nickels, dimes and quarters. She doesn't know how many pennies are in a dollar, or even what a quarter is worth. She's only three.



Still, the other day she received an application for an American Express card in the mail.

 

[blastoff]

Some people will never be old enough as it's a question of responsibility, accountability, etc.

 

[Mad Scientist]

The writer should get his 3 year old daughter that credit card, put $500 on it and have her pay it off. Lessons learned all around.

 

[rightwinger]

My daughter has a piggy bank and occasionally collects coins and adds them to her lot. Sometimes, she spills out the contents and enjoys putting each coin back in the bank through the slot at the top one at a time. But I wouldn't say she's good with money.Aside from the shape and color, she can't differentiate between the pennies, nickels, dimes and quarters. She doesn't know how many pennies are in a dollar, or even what a quarter is worth. She's only three.



Still, the other day she received an application for an American Express card in the mail.

Big deal

I received an application in the name of my dog

 

[American Cowboy]

Obama was given a credit card when he moved into the White House. He put a Trillion Dollars on it in the 1st quarter alone.

He is an idiot. He is going to let his daughters pay off his credit card.