Fast Facts: Young Americans Bank Credit Card
- $100 credit limit (unless you secure funds in your deposit account)
- See credit card application for rates and fees
- Can be used anywhere VISA is accepted
- Required to have a Young Americans Bank deposit account
- Must have a co-signer if the bank is unable to prove income or under 18
- Recommended minimum age of 12
- No annual fee
A credit card can be used to ‘charge’ things such as clothes for school, tickets to a concert or maybe a hotel room while you’re on vacation. When you charge something, you are agreeing to buy something now and pay for it later.
While ‘charging it’ may look like a glamorous thing to do, if used incorrectly, credit cards can be very expensive. But if used correctly, they can be helpful tools. It’s important to understand the bad and the good about credit cards so you can learn how to manage them smartly.
The importance of credit card education
At Young Americans Bank, we take credit cards very seriously. We recognize that credit cards are an important part of American life. Whether you have a positive or negative image of credit cards, they are an inescapable part of our finances.
Without a credit card, it’s just about impossible to rent a car, make a hotel or airline reservation, or even make a purchase online. Since credit cards are so important, yet so many people are in financial trouble because of them, we feel credit education is extremely important. We want to show our customers that credit cards are not toys, but are an important financial responsibility.
Lost or Stolen Cards
If your credit card is lost or stolen, immediately call 1-866-643-1217. If you are traveling internationally, call 1-605-782-3544.