CREDIT CARDS: Now They'll Need Wallets

Now They'll Need Wallets

"Aw, man, my credit card's maxed out, and I really wanted that Nintendo game." Such plaints may soon come from the mouths of adolescents. Denver's Young Americans Bank, which caters to youths, will start issuing a kids-only MasterCard this week to patrons who are at least twelve years old and can persuade an adult to co-sign. Cardholders will pay a membership fee of $15 and an 18.8% finance charge on unpaid balances, but the Kidcard's $100 credit limit seems to rule out wild shopping sprees. "This way, they build their own credit history," says bank vice president Cindy Culkin. "If they...

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