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   Will adding my Child to my credit card hurt my credit?

   • Adding your child to your credit card will only hurt your credit if they fail to use it responsibly. However, instead of waiting until they are 18, you can establish a credit profile for your child earlier in life by adding them as an authorized user. This helps teach financial responsibility and good spending habits before adulthood.

   When should you get your child a credit card? | CreditCards.com

   www.creditcards.com/credit-management/when-to-get-child-credit-card/

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   What happens if a child uses a credit card irresponsibly?

   • If you add your child as an authorized user on one of your credit cards and they use that credit irresponsibly by racking up a high balance (raising your utilization percentage) or failing to pay at least the minimum monthly payment, then your credit can go down.

   Getting Kids Their First Credit Card - Investopedia

   www.investopedia.com/articles/pf/09/children-first-credit-card.asp

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   Should I give my Child a credit card?

   • Before you give your child a credit card or add them as a user, establish rules. You might want to set a time to review their purchases each month or require that the child will pay for their purchases.

   Getting Kids Their First Credit Card - Investopedia

   www.investopedia.com/articles/pf/09/children-first-credit-card.asp

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   What does it mean if a child is on a credit card?

   • It often indicates a user profile. Login It indicates an expandable section or menu, or sometimes previous / next navigation options. Adding a child to your credit card account as an authorized user can boost their chances of getting approved for cards and other forms of credit when they're old enough.

   Should you add your child as a credit card authorized user?

   www.businessinsider.com/personal-finance/credit-cards/add-child-authorized-user-credit-card

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   What if my child can't get a credit card?

   • If your child can’t get a card on their own due to their limited credit history or lack of income, you can co-sign on the account. However, you’ll be responsible for paying the balance if they charge more than they can repay. This is only an option if your child is 18 or older and has a source of income, such as a part-time campus job.

   When should you get your child a credit card? | CreditCards.com

   www.creditcards.com/credit-management/when-to-get-child-credit-card/

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   What should I do if my child gets a credit card?

   • Consider getting a family “emergency card” in your name but with your child listed as an authorized user. This is a card that could be safely stored and used on in case of an emergency. You can ask the child to research credit cards and discuss them with you. They can learn to evaluate rewards and analyze rankings.

   Getting Kids Their First Credit Card - Investopedia

   www.investopedia.com/articles/pf/09/children-first-credit-card.asp

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2. www.forbes.com › advisor › credit-cardsCan I Add My Child To My Credit Card? – Forbes Advisor

   www.forbes.com › advisor › credit-cards

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   Jan 11, 2024 · If your children spend a lot on your credit card, your utilization could increase and reduce your credit score. This could have personal consequences when applying for a loan or...

3. www.bankrate.com › advice › credit-cards-for-kidsShould I Get a Credit Card in My Child's Name? - Bankrate

   www.bankrate.com › advice › credit-cards-for-kids

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   Mar 20, 2024 · Drawbacks of giving your child a credit card. There are plenty of reasons parents might consider adding a child to their credit card account, but there are just as many “gotchas” to watch out...

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5. www.self.inc › blog › adding-child-authorized-userAdding Your Child as an Authorized User: What Parents ... - Self

   www.self.inc › blog › adding-child-authorized-user

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   Oct 18, 2024 · When you add a minor as an authorized user, they can make purchases on your credit card. A child can be added to your card as long as they check off two boxes: they meet the credit card issuer's minimum age requirements, and, as the primary cardholder, you give approval. As long as you practice responsible card-carrying habits, such as making ...

6. www.creditcards.com › credit-management › when-toWhen should you get your child a credit card? | CreditCards.com

   www.creditcards.com › credit-management › when-to

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   Jul 1, 2022 · Adding your child to your credit card will only hurt your credit if they fail to use it responsibly. However, instead of waiting until they are 18, you can establish a credit profile for your child earlier in life by adding them as an authorized user.

7. www.investopedia.com › articles › pfGetting Kids Their First Credit Card - Investopedia

   www.investopedia.com › articles › pf

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   Mar 31, 2024 · Giving your child a credit card can come with risks, including the risk they will overspend. But when they have a credit card they can learn important lessons about how revolving debt works....

8. www.businessinsider.com › personal-finance › creditShould you add your child as a credit card authorized user?

   www.businessinsider.com › personal-finance › credit

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   Jul 17, 2024 · Minors under the age of 18 cannot open their own credit cards by law (or get approved for other forms of credit), so adding children as authorized users is a simple workaround many parents...

9. www.nerdwallet.com › article › credit-cardsCredit or debit card for kids: Which one is best? - NerdWallet

   www.nerdwallet.com › article › credit-cards

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   Mar 8, 2023 · Giving a child a credit or debit card may feel like setting your wallet on fire. However, there are good reasons to opt for plastic instead of cash. The number of cashless businesses is...