Jsan5894 wrote:What if he waits til he turns 18 to activate it and use it ?
There is this little thing called "Identity Theft" that the Feds and credit card companies don't like very much. And now you are in possession of a credit card that you cannot prove is you. Oops, wrong date of birth, not you. I wouldn't risk your entire future credit file because you were anxious to get a credit card. I wanted and had one when I was that age, but I had a cosigner.
On a side note,if you DO want him to start establishing credit, he probably could activate,use the card, make payments on time like everyone else. No one would really find out, and if the credit card company is dumb enough to give it to him, then so be it. You could also wait until he was 18, don't use the card now, and then call them and say that the date of birth is incorrect. Say that you checked his credit report and saw the inaccuracy, and then fax a copy of his drivers license, and they will fix it. Then when they report it to the agencies it will be correct.
The problem would be in the future (if you leave it as is) any credit he tried to apply would be flagged as there is an inaccuracy in the credit file, which is a nightmare to try and get corrected. I have seen situations where a SSN is incorrect (Dad/Son, same name situation) and it is very difficult to get resolved.
The bottom line is, Jsan5894, YOU are liable if anything happens. Just as if he went and committed a crime you would be in trouble, not him. So if you're okay with it and him using credit then go for it. You could also close that account and do it the right way, as a cosigner.