Comments on: New Credit Card Rules take effect on 22nd February 2010

By: Eric

Eric — Sun, 07 Mar 2010 17:17:20 +0000

I have to agree with the minors getting to own no credit card.

I was talking with my uncle the other day and simply told him that if I ever hear of someone younger than I am wanting a credit card I’ll just say, “get a debit card and be foolish with it a few times. Seriously. Go in the hole with it a few times and then come back and tell me you want a credit card.”

If they can then they’re not too bright in my opinion and if they can’t, there’s something there.

By: TechChunks

TechChunks — Wed, 03 Mar 2010 07:18:29 +0000

I’m yet to get a CC and probably will never get one.

By: New Jersey movers

New Jersey movers — Thu, 25 Feb 2010 16:46:42 +0000

Good call on the ‘minors cannot own credit cards’ rule. People in college do not need their own cards.

By: King Sidharth

King Sidharth — Wed, 24 Feb 2010 20:03:50 +0000

@Deepak: These are Federal Reserve Regulations, not Indian! So you can get a credit card. If you earn, you can show your bank statement and tell them that you are slef-employed and a student. They need to be sure that you can pay back.

Cheers!

By: Sandeep Singh

Sandeep Singh — Wed, 24 Feb 2010 14:10:52 +0000

well a nice info for all the credit card holders !! i am planning to get one soon . !! so its of help !!

By: Rohit Sane

Rohit Sane — Tue, 23 Feb 2010 13:19:35 +0000

@Deepak: Minors can get a Credit card if they have a second name of a Major in their Account! But I think, it wont be possible now!

By: Agent Deepak

Agent Deepak — Mon, 22 Feb 2010 19:57:10 +0000

I am yet to get a CC. I have asked many banks and most have denied me a CC. They say they do not give CC to students.

What the Hell? In US, UK etc. Students get CC too. Man I want one. Its easier to pay by CC. I do have a Debit Card but it got blocked.

Do you have any idea how I can get a CC?

About the new rules, it is not going to affect anything.

About last point. Never heard of a minor owning a CC. Does that happen?

By: sudharsan @ technoskillonline

sudharsan @ technoskillonline — Mon, 22 Feb 2010 17:53:36 +0000

I don’t have credit cards..
But the regulation that u have given is very useful for credit card users

By: Arafat Hossain Piyada

Arafat Hossain Piyada — Mon, 22 Feb 2010 17:33:14 +0000

I yet not have a CC, actually I don’t understand its uses and payment process. However, I’m planning to get one soon, so this reading will definitely help me in future.