Question 1

Can a minor get a credit card?

Accepted Answer

No, a minor can't get a credit card of their own. If your teen is under 18, they can't apply for a credit card in their name. However, you may be able to add them to your account as an authorized user, as long as your credit card issuer allows it. For instance, Discover allows a primary cardmember to add an authorized user aged 15 and older to their credit card account. Remember that as the primary cardmember you're responsible for any charges an authorized user makes to your credit card account. If your teen runs up a high balance you can't pay down, both of your credit scores can suffer.

Question 2

What to know when choosing credit cards for teens

Accepted Answer

You and your teenager can work together to choose their first credit card. Start by introducing the basics of credit, like what an interest rate is, how to use a credit limit, the importance of making payments on time, what it means to build good credit, and ways to avoid credit card debt. Once your teen has a strong foundation in financial literacy, you can start researching cards. To find the best credit card for your teen, consider the features that matter most to you both.

How to Choose a Credit Card for Teens

Key Takeaways

Best Credit Cards for Those With Excellent Credit

What's the Best Credit Card for a Large Purchase?

Can New Immigrants Get a Credit Card?

Why Was My Credit Card Application Denied?

How to Choose a Credit Card for Teens

Key Takeaways

Credit card fees

Credit card rewards

Credit reporting policies

Additional offerings

Best Credit Cards for Those With Excellent Credit

What's the Best Credit Card for a Large Purchase?

Can New Immigrants Get a Credit Card?

Why Was My Credit Card Application Denied?