I forget if my son was 17 or 18 when he obtained a credit card.
We used USAA and filtered for cards that would build credit. For that bank, they required the card be secured by a $1000 CD for two years. He transferred $1000 from his Fidelity youth account (MM, three fund, and Tesla), and purchased the CD. He uses the credit card often and pays the balance off at least twice a month.
We used USAA and filtered for cards that would build credit. For that bank, they required the card be secured by a $1000 CD for two years. He transferred $1000 from his Fidelity youth account (MM, three fund, and Tesla), and purchased the CD. He uses the credit card often and pays the balance off at least twice a month.
Statistics: Posted by TierArtz — Sun Jul 21, 2024 11:31 pm