I mean children can get debit cards. Having a bank account has never and should never be a bench mark of age.
Heaven sake I had a bank account at 12 years old.
Unsecured Credit should realistically be straight up illegal to give to children.
So no it’s not a huge deal at fucking all. Unless you have a sizeable amount of financial literacy. And don’t understand what a credit vs debit card actually mean.
At best you can make a weak argument that having to get a credit card is annoying. But 300-500 dollar low limit free credit card with no requirements or annual fees. Is available basically from every bank in the world.
Get it and throw it in a draw to rot for literally forever. Hell you can even cut it in half it and freeze the card. Making it a zero security risk.
Then you have a unusable, frozen account. That exists purely as proof that your old enough to have a credit card. Even if it’s stolen it’s unusable and still perfectly safe.
So you don’t even have to care about data breaches beyond what you currently do.
Not everyone can get a credit card. I have no debt at all and own two cars and my house outright. I’ve got a job that pays well and money in the bank. Tried to get a credit card and was turned down 5 times because i failed the credit check… Since I dont really have a credit score.
I dont need a credit card though. Only wanted it for a trip I was taking for the travel points. So I said fuck it and continued my life. But requiring a credit card which people like me cant get for this is bullshit.
I don’t agree that it’s mild. They explicitly will require credit cards as per the law, debit cards won’t work for it, which is a huge deal.
I mean children can get debit cards. Having a bank account has never and should never be a bench mark of age.
Heaven sake I had a bank account at 12 years old.
Unsecured Credit should realistically be straight up illegal to give to children.
So no it’s not a huge deal at fucking all. Unless you have a sizeable amount of financial literacy. And don’t understand what a credit vs debit card actually mean.
At best you can make a weak argument that having to get a credit card is annoying. But 300-500 dollar low limit free credit card with no requirements or annual fees. Is available basically from every bank in the world.
Get it and throw it in a draw to rot for literally forever. Hell you can even cut it in half it and freeze the card. Making it a zero security risk.
Then you have a unusable, frozen account. That exists purely as proof that your old enough to have a credit card. Even if it’s stolen it’s unusable and still perfectly safe.
So you don’t even have to care about data breaches beyond what you currently do.
Not everyone can get a credit card. I have no debt at all and own two cars and my house outright. I’ve got a job that pays well and money in the bank. Tried to get a credit card and was turned down 5 times because i failed the credit check… Since I dont really have a credit score.
I dont need a credit card though. Only wanted it for a trip I was taking for the travel points. So I said fuck it and continued my life. But requiring a credit card which people like me cant get for this is bullshit.