Unformatted text preview: give the teen anymore credit on the card. Families could see this as a positive. I also feel that a card is a lot safer to carry around than cash. If you have a credit card and loose it, you can cancel the card. But if cash is lost and someone gets it, there is no way to cancel the cash. The card is good if the parent always keeps their credit up and doesn t let the teen go over the limit. It will help the teen s credit and as they apply for loans and such later on in life. It will also help them get a higher credit limit than what most teens would begin. Teens with credit cards would make everything much simpler, than having teens carry cash everywhere they go. All teens also need to learn to balance their budget over a month s time. The credit cards will also come in handy when you have an emergency. It seems that a credit card with a set limit by the parent is the way to go....
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- Spring '11
- Payment, Credit card, 2005 singles