Can kids have credit cards?

Answer Contract and credit laws prohibit kids under the age of 18 from having individual credit accounts. However, many credit companies will allow adult card holders to add a secondary card to their acco... Read More »

Top Q&A For: Can kids have credit cards

How to Teach Kids What Happens When They Let Credit Cards Go?

According to MSN Money, one out of every 20 households carries $8,000 or more of credit card debt. Many parents are eager to teach children about the risks of letting credit cards go. Out-of-contro... Read More »

The Similarities Between Islamic Credit Cards & Conventional Credit Cards?

The Koran, the holy scripture of Islam, forbids Muslims to charge interest. As with the Hebrew Scriptures, the Koran places lending in the category of charity, and so regards interest as a form of ... Read More »

Are gold credit cards better than regular credit cards?

On One Hand: Regular Cards Accept Lower RatingsRegular credit cards have higher credit limits than secured cards but often not as high as gold cards. Traditionally, you do not need to have as good... Read More »

Will canceling credit cards with high available credit hurt my credit score?

Closing a credit card with a high available credit limit will lower your available credit, as well as remove some of your credit history. Typically, it does lower a borrower's credit score, althoug... Read More »