How to convince my friend to start using CCs?

[mkhan1093]

---

wrote:

---

wrote:

It's really nice to see you concerned with your friend's well-being! Given that description, I'd be a little uncertain about his possibilities of getting a credit card because it would seem that he's a risky individual. He'd have to start with a secured credit card, which requires you to pay a deposit equal to your credit limit such that if you don't pay on time, they'll take it from there. If you have a credit card that gives cash back for gas, you might consider adding him as an authorized user and explaining that he'll owe you money when he uses it, but maybe he and his dad will be more comfortable since it's a close friend and not a bank involved. Just a thought though, good luck to him!

---

Not in a million years would I do this. Obviously your friend has to learn to be financially responsible first and he needs to do that on his own.

---

I should have clarified that part of this process would be setting some paltry limit for him, maybe say $50. That will cover 1-2 fill-ups in a minivan, and a little more in a Sedan maybe.

[Anonymous]

thank you guys. He is in NY and I moved to GA. We talk couple times every week. I will try to convince him to pay Chase back. That's definitely his top priority. Even though he doesn't care much. I'm not looking for any kind of bonuses or money from him. I just hope 5-10 years later he will say thank you to me for helping him.

[Gregory1776]

Jeez man the LAST thing this dude needs is a credit card!!! 😂

[Anonymous]

thank you. I agree. I'm glad I asked this question here.

[DollyLama]

If saving money on gas, big grocery stores with fuel centers have rewards cards (nothing that is needed for credit, or reported as such), that gives perks like for every $100 spent, you get .10 off a gallon.