When Is The Best Time To Get A Credit Card?
An 18 years old teenager complained about being turned down by 7 credit card issuer and he wonder what he did wrong. i think the credit card issuer was doing this kid a favor by turning him down. This kid is just a teen that still need to learn how to count, spell and punctuate a sentence. Psychologically, his brain haven't ready to handle the responsibility of paying for credit and the consequencer if they don't.
Research shows that young people are more likely than older adults to max out their credit. They figure that if the bank gives them, say, a $1,000 credit line, they must be good for it. Young people are also more impulsive, and there's a direct link between impulsiveness and credit-card misuse.
Research also shows that the more information parents pass on to their kids about credit, the less credit-card debt their college-age students incur.
i think the best time to apply is on the senior year at college.
