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 ...

Adding your kid to your credit card can be a shortcut to helping them establish their own credit history, which is hugely important for their financial future. But as much as you may want to give your ...

“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 ...

Because people under age 18 can’t open their own credit cards, you can’t technically open a new credit card account in your child’s name — but you can still add them to yours. Adding someone to your ...

Gabriela Walsh is a Certified Educator in Personal Finance® and a personal finance editor at Red Ventures. Her previous work experience includes various editorial positions at FinanceBuzz. She ...

Becoming an authorized user on someone else’s credit card can help you establish good credit. The process of removing an ...

With a background in journalism and counseling, Penny Min blends analytical research with real-world insight to help readers make informed financial decisions. At Forbes Marketplace, she specializes ...

Being an authorized user on another person’s credit card can help you establish your credit history. Parents might add their children to help launch them into adulthood. Or spouses may share an ...