Young adults not allowed credit cards or to buy foreign currency

Eldi_Dos

zagfles said:

Eldi_Dos said:

zagfles said:

Our kids have had debit cards with zero fees abroad since they were 12 !!

I hope it is not rude to ask but why?

Because they came with the Nationwide kids account. I'm not sure they ever actually used them abroad till they were about 16 or so, but they could have.

Personally I would have declined such a offer at that age.
Had nightmare visions of twelve year olds out clubbing in some hotspot.

zagfles

Eldi_Dos said:

zagfles said:

Eldi_Dos said:

zagfles said:

Our kids have had debit cards with zero fees abroad since they were 12 !!

I hope it is not rude to ask but why?

Because they came with the Nationwide kids account. I'm not sure they ever actually used them abroad till they were about 16 or so, but they could have.

Personally I would have declined such a offer at that age.
Had nightmare visions of twelve year olds out clubbing in some hotspot.

Nah they only did that in the UK

Seriously though it taught them about finance at a young age and they are now incredibly good with money.

Spendless

Not being on the electoral roll and having no income will have the barriers to being accepted for a CC. My DH has an Amex CC, recently applied for me to be a 2nd card holder successfully (I am currently without work) and could have also got an additional card for our 20yo student daughter if we'd wished.