Is there a credit card for minors?

More and more people feel the need to have a credit card. After all, it's not always that we have money to pay for everything we need during the month. It is worth mentioning that many of our expenses are made by our children. School trips, going out with friends, clothes and shoes cost a lot of money, which we don't always have in our wallet. So it would be much easier if they had their own credit card for minors. That's because not every parent feels safe handing their credit card to a child or teenager. Moreover, it is not always possible to do this. For this reason, it would be interesting for them to have their autonomy. If you want to know if this feature exists, keep reading this text!

Credit cards for minors are real

Well, the credit card for minors exists, but it is not completely autonomous. It's easy to understand why: Brazilian legislation doesn't give much space for minors to be able to hire financial services. We can imagine some reasons for this: financial immaturity and the lower chances of them having a formal and stable job are some reasonable impediments.

For that reason, if you want your child to have this feature, you have more limited options. One of them is the additional card, which must be granted by your credit card company. As the name implies, it's an extra card you can give to your child (it will even have their name on it). However, you will have to split the limit between you. Therefore, it is necessary to make it very clear to your child what will be the maximum amount that he can spend so that you do not end up experiencing financial difficulties for the rest of the month.

You can also request a prepaid credit card. In that case, before making use of it, your child will have to load it with money. Thus, he will learn from an early age to only spend what he has. In addition, he will also be able to shop online with this card (which would not happen if he had a debit card).

If none of these options interest you, it's worth talking to financial institutions to find out if they release credit cards for teenagers over 16 and formal workers. This is because the chances of this audience being approved are greater. Still, we cannot guarantee that any of them will do so. However, it's worth a try. It is also possible for college students to get this benefit.

Final considerations

It is worth noting that if you want to give your child a credit card, it is important that you teach him to have financial discipline. After all, if he uses this feature inconsequentially, he will carry this habit into adulthood and will be a person who will not have his financial life under control.

That said, we at Notícia Informe hope that you have understood if your child can have a credit card for minors. If you want to know more about how to take out credit, keep following our website.