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distances 3 hours ago

Would they be given their own credit card, or would it be under the parents? Over here minors can't enter into debt contracts like credit cards, so it'd be a direct debit until they are adults.

l23k4 3 hours ago | parent [-]

I don't think the type of the card really matters as long as the limits are reasonable.

> Over here minors can't enter into debt contracts like credit cards

In basically all of the western world minors can enter into debt contracts, but are generally not seen as particularly creditworthy.

distances 3 hours ago | parent | next [-]

> In basically all of the western world minors can enter into debt contracts, but are generally not seen as particularly creditworthy.

No, that's not legally permitted in many places. I was under impression that minors can't enter into debt contracts anywhere in EU, but that, too, was an incorrect assumption.

https://fra.europa.eu/en/publication/2017/mapping-minimum-ag...

I grew up in one of these "not under 18 even with parental consent" countries, so that coloured my view of the matter.

fauigerzigerk 2 hours ago | parent | prev [-]

>In basically all of the western world minors can enter into debt contracts, but are generally not seen as particularly creditworthy.

Minors can't get a credit card in the UK. In fact, it's one of the government approved age verification methods for that exact reason.