Parents would you trust your child with your credit card ?

**MAJOR METAL** · #1 01-03-2008, 11:30 PM

JNowiski · #2 01-03-2008, 11:31 PM

i'm not a parent but i already know i wouldn't. i don't even trust myself with a credit card...which is why i have zero credit.

jady · #3 01-03-2008, 11:32 PM

Considering they are 4, 2 and 13 months, no...............

iamlowsound · #4 01-03-2008, 11:36 PM

I used my parents CC in the past to buy stuff online. Before I was old enough to have my own. I think that I would let my kids use mine, if I had kids that is.

lowsound

JNowiski · #5 01-03-2008, 11:39 PM

Quote:

Originally Posted by iamlowsound

I used my parents CC in the past to buy stuff online. Before I was old enough to have my own. I think that I would let my kids use mine, if I had kids that is.

lowsound

well yeah, that's the same here. whenever i'd buy something online i'd always clear it with them first, in that case then yeah, i'd let them use it, but if it was just to have them go to a store and get whatever then no

Jeremy Crockett · #6 01-03-2008, 11:42 PM

That will depend on how well I raise her. (She's 3 so I don't have to worry about it yet)

**Pacman** · #7 01-03-2008, 11:48 PM

I think the great American, Ben Franklin, said it best when he said "Oh, hells no!"

MakiSupaStar · #8 01-04-2008, 01:33 AM

pfft. R u friggin' kidding me?

Bard2dbone · #9 01-04-2008, 02:26 AM

Quote:

Originally Posted by Pacman

I think the great American, Ben Franklin, said it best when he said "Oh, hells no!"

dingdingdingdingdingdingdingdingdingdingding! We have a winner!

Um. I mean...+1.

Lorenzini · #10 01-04-2008, 02:33 AM

yes
My parents trusted me (and I didn't abuse it)
I'll trust my future kids and know they won't abuse it because I'll give them a proper training in finances so they will know why they shouldn't use it superfluously

HEIST · #11 01-04-2008, 04:19 AM

My parents trust me with their credit card.
I always pay them back when the bill comes.

Rakie · #12 01-04-2008, 04:24 AM

My parents used to trust me with it. But since i've become more and more addicted to my hobbies (Tarantulas, fish, scorpions, centipedes, lizards, snakes, basses, fishing, amps, sound recording, bonsai and other crap) they changed their outlook.

I manage my money very well, I never overspend, but I do go far out on my hobbies, and I rotate what im spending all my time on.

Although, for school i've sold off 4 of my aquariums, some Tarantulas, all my Scorps, and all my pede's, some fishing gear as well, so now they kinda are starting to realize im not completely obsessed with my hobbies (meaning they come first).

But now, I don't need their cards. I guess its been a roller coaster of sorts.

ROON · #13 01-04-2008, 04:26 AM

My parents trust me 100% with their credit card. And I'd never withdraw/buy more than I was allowed.
The only thing they worry about is me losing it.

Mark Latimour · #14 01-04-2008, 04:26 AM

I don't know, but i've trusted my parents with my credit card!

Bruce Lindfield · #15 01-04-2008, 04:28 AM

Anybody who asks this question seriously - is way out of touch with real life - IMO of course!

Bob Clayton · #16 01-04-2008, 04:35 AM

i'll go out occasionally for my mom and she'll give me her credit card.

her logic is this: if i do any spending that she doesn't know about, her and i both know that i am a dead man walking.

spade2you · #17 01-04-2008, 05:36 AM

If I have kids that turn out like me, I'd trust 'em with it, but probably better they get their own with a fairly low limit. It's amazing how many college kids I know who screwed up their credit score.

Bryan316 · #18 01-04-2008, 07:31 AM

It's quite simple.

Show your kid your credit card bill.

Explain to them, that every purchase, EVERY purchase, shows up on this list, who it was bought from, when, how much. Then explain to them, it is impossible for them to sneak something by you, because they send you the evidence. And the evidence cannot be hidden by grabbing the mail before you do, because the evidence is also on the internet, with password protection.

Then explain to them, if they truly need to use your credit card, for important reasons or for items they actually have the cash for, they're free to use it. But if they screw up EVEN ONCE....

PSPookie · #19 01-04-2008, 07:37 AM

No way! My 5 month old can't even keep socks on her feet. There's no way she'lll be able to hang onto a credit card.

Maybe when she's older. We'll have to see how she behaves.

Geoff St. Germaine · #20 01-04-2008, 08:00 AM

I have no kids, so I can't say.

My parents' had a card in my name and one in my sister's when we were in high school and lived at home. They would usually give it to us if we were going into Edmonton with friends when there were no other adults going just in case something happened (to the car or something). We never used it, but I guess it gave my parents' some sort of peace of mind.