Owned.
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Re: Owned.
Posted by KungFuSquirrel on Mon Jan 19th at 5:45pm 2004


Well, Reno, as internet commerce expands I wouldn't be surprised to see more younger people taking part in it, though it'll be a tricky subject at first. Check cards are also hugely important in this, as they are much easier for a younger person to manage than a credit card (I use one and will never touch a true credit card).

The "lower age bracket" I referred to, though, isn't so much 12 and 13 year olds as is is 16-20 year olds who still are an active part of the demographic but typically do not make as much money and are going to school and the like and can't afford to buy games as often as they'd like. These are people who would have access to credit cards or check cards.

Also, before I had my own check card, my parents were helpful in my online purchases by loaning me their credit card for the purchase and then I immediately transferred the money back to them in return. Keeps parents involved in their kids' lives, at least in some way hehe [addsig]




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Re: Owned.
Posted by ReNo on Mon Jan 19th at 5:47pm 2004


LOL, fair point, I did the same, and indeed still do on occasion for larger purchases. For smaller online stuff like games or whatever I use my debit card, which I assume is the same thing as a check card by just transferring money from your account to something, rather than having credit that you get billed each month? [addsig]



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Re: Owned.
Posted by KungFuSquirrel on Mon Jan 19th at 5:52pm 2004


Yeah, check/debit cards are essentially the same thing. [addsig]



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Re: Owned.
Posted by Gollum on Mon Jan 19th at 5:58pm 2004


Two good reasons for using credit rather than debit cards:

  • Purchase protection, especially online
  • Builds up a credit rating

But if you don't pay bills on time you're screwed. I have them set up on direct debit, and I never spend more than I can afford.

Debit cards useful for withdrawing cash.





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Re: Owned.
Posted by ReNo on Mon Jan 19th at 6:02pm 2004


Purchase protection is one of the reasons why I make big purchases through my Mum's credit cards, like my PC for example. That and because I normally don't have enough cash in my bank

[addsig]




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