American Express Offers Credit Card To 3-Year-Old
In the "you gotta be ******** me" department.
Ah, gotta be -13- to get your own credit card. Good to know there's some limits.
And people wonder why the US credit market's in such ****** condition.
In the "you gotta be ******** me" department.
If you needed any more evidence that credit card offers are on the rise, you need look no further than this story over at CNNMoney, in which the writer's 3-year-old daughter received a credit card application from American Express.
"Could we start building a credit history for her?" the writer wondered after she and her husband saw the letter from Amex. "Or better yet, could we spend massive amounts in her name and then have her declare bankruptcy, only to erase the debt by the time she is ready for college?"
Alas, in order to qualify for an Amex of her own the daughter would need to be at least 18. They'll give a card to a 13-year-old, but an adult must co-sign.
Ah, gotta be -13- to get your own credit card. Good to know there's some limits.
And people wonder why the US credit market's in such ****** condition.