While a minor cannot legally get their own credit card until they hit 18 and show proof of a steady source of income, adding your child to your card as an authorized user can help them start building ...

“Add your child as an authorized user so you can help them establish a good credit history.” It’s common advice — and it’s not wrong. Assuming you have an excellent credit history yourself, as well as ...

Building your credit when you don’t have a credit card can be a catch-22. You need to borrow money to establish or improve your credit score and payment history, but you need a good credit score to ...

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This page was originally published in early 2023 and still contains relevant interview quotes from that time. The rest of the article has since been updated. Making your child an authorized user on ...

You can remove an authorized user by calling customer service, or sometimes through your online account. Here's all the contact info you need. Many or all of the products on this page are from ...

First off, proud of you for taking that first step to improving your credit! Second, there's nothing to worry about. When you're added as an authorized user to someone else's credit card, you reap all ...

'I suppose one option would be to keep them as authorized users forever, but someday I won't be here' April is National Financial Literacy Month. To mark the occasion, MarketWatch will publish a ...

Okay, talk me down. I have 18 credit cards and would like to close five of them — all at once. Actually, I’d like to close more, but I have five targets for now. The cards are paid in full every month ...

SHORT ANSWER: Once your child is responsible enough to understand your household rules and limits for a credit card, you should add them as an authorized user to help them build a credit history and ...