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JeroenvGessel

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Oct 9, 2019
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I have a problem, I am 16 years old and an entrepeneur from the Netherlands. For a lot operations in my business I work with companies that only accept credit card payments. But because I'am under-age, I am unable to get a credit card on my name. I have been using my dad's credit card, however this is far from ideal. I hope anyone has some advice for me. I have asked several dutch banks for credit cards, however none of them was willing to help me because of my age.
 

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jpn

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May 6, 2017
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Netherlands
I have a problem, I am 16 years old and an entrepeneur from the Netherlands. For a lot operations in my business I work with companies that only accept credit card payments. But because I'am under-age, I am unable to get a credit card on my name. I have been using my dad's credit card, however this is far from ideal. I hope anyone has some advice for me. I have asked several dutch banks for credit cards, however none of them was willing to help me because of my age.

There are some banks in Europe that issue MasterCard and Visa debit cards if you open an account with them. For example N26. You can use these debit cards in a similar way as a credit card. You wont be able to spend more than the money on the account. I'm not sure if they accept minors, but you could ask you parents to open an account for you there.
 

jpn

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Try a debit card! I’m sure you can get one of those.

Interestingly enough Dutch banks don't issue MasterCard or Visa debit cards. But other banks in Europe do, and accounts can be opened online.
 

Madame Peccato

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Personally I'm happy with my N26 account / card. It works like a regular bank account, and you get a MasterCard debit card delivered to your house.

I believe being 16 is enough to open a personal account, although you might need your parents' approval for it during the process, I don't remember. Anyway, once you have opened your account, you will have full control over it.

There are other similar online banks that operate in Europe.
 

minivanman

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I have 14 years old daughter and I'm always transfering on her card 50$. Because much money at this age is not ok.


The difference is, the OP is making his/her own money where as YOU are GIVING your daughter money. HUGE difference. My grandson has been handling his own money since he was about 9 years old. He has no problem saving and he has no problem spending if he needs to. Not just minors but adults also need to learn to do both and it sounds as though the OP has learned to handle money. My grandson is 17 now and since he has been handling money for so many years, it comes natural to him. And to think, he started out with just $5 that he earned working for me.

JeroenvGessle, you sound as though you have a great head on your shoulders and if you continue doing this well, you will be very successful. I hope your person life goes as well for you. Good luck with both and congratulations.
 

SammyFLS

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Jan 16, 2021
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Wow, at the age of 16 to have your own business? I'm delighted!
 

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