Originally Posted by
biggestbopper
Originally Posted by
Ducati
From what I understand in business law, if you're under the age of 18 and you enter into a contract, it is automatically void, generally. In this case, the contract is the credit card and the responsibility to pay the bill. Another reason why many businesses won't deal with minors, including car dealerships.
If Chase wants to issue a credit card to someone under 18, then that minor has no legal responsibility to pay the bill.
I may be wrong on this, but this is from what I remember in college. I did get an A in the class.
Perhaps you had an easy grader!
The law depends on the state, but, in most, contracts for necessities such as housing, food, clothes may be enforced even if with a minor.
As to the card, if the minor applies--which they can certainly do--and gets the card--which is more problematic since they probably don't have anything on their credit report, they should get the miles.
I don't see the harm in giving it a shot. @:-)
Especially in view of numerous folks I know who have gotten their cats or dogs cards (none of them over 18).
Well, yes, the grader wasn't harsh, and the class was straight forward. If you didn't get an A in the class, then either you skipped classes or were not at least of average intelligence. lol. Anyways, you are indeed correct regarding those necessities, which is why I qualified my statement with "generally." Student loans is another example of contracts minors can't get out of. But, when it comes to cars, general loans, and such, minors are not legally responsible. In some states, even if you misrepresent your age, you are still not responsible for anything. For example, you can buy a car at 16 with a loan from the dealer and return the car a few months later. Dealer has no choice but to take the car back, and the minor can void the loan. This was an example used in my class. And, I made a mistake in using the word void. I think the correct term is voidable in the case of contracts with minors, since the minor holds the option to void it.