Should You Add a Child to Your Credit Card?

One of the easiest ways to help your children build credit history while learning about credit cards is by adding them as authorized users. When you add a child as an authorized user, it reports as a new account on your child’s credit report, and the account history and details will affect their report. Just remember this goes both ways: Good credit card activity and payment history can benefit your child's credit report; bad activity, such as a high utilization ratio, can harm it.
Whether or not you allow your child to have a copy of your card and use it is a separate decision, but it can be a good tool for teaching younger children money management and can be emergency funds for older kids who live away from home.

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