Only dangerous if you don’t teach your children responsibility

Oct 24, 2024
2:54:06pm

4thand19 All-American

I got one at 18 explicitly to build credit. Barely used it and I was so paranoid that I would pay of the credit card same day anytime I used it.

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4thand19

Previous username: Beat_the_U
Bio page: 4thand19
Joined: Jan 24, 2012
Last login: Oct 24, 2024
Total posts: 4,027 (2 FO)

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Messages

Author

Time

When should someone get their first credit card?

It's A Bowling Ball

2:48pm

now.

molodyets

2:50pm

I don’t know if this is wise or not but my in laws put my wife as an authorized

PKCoug

2:51pm

That's a dangerous game.

OnEMoReTrY

2:51pm

You don’t have to give someone a card just because they are an authorized user.

cougsareforreal

2:52pm

That's not the dangerous part. What if you're not as responsible as you think

OnEMoReTrY

3:03pm

Authorized users can remove the account if it pulls their credit down

chilawcoug

3:06pm

Assuming they're in the know, which they wouldn't be.

OnEMoReTrY

3:09pm

Well if they’re willing to not tell, then being an authorized user is the least

chilawcoug

3:11pm

You can also dispute the account if you didn’t have payment obligations

chilawcoug

3:14pm

Only dangerous if you don’t teach your children responsibility

4thand19

2:54pm

Hence I said I don’t know if it’s wise. Would totally depend on how much trust

PKCoug

2:54pm

This is what we do, and it's been really helpful to them.

runnincoug

2:59pm

Sometimes you can even do this later and it will add the account’s entire credit

chilawcoug

3:01pm

Age 12-14 as an authorized user for someone that has perfect credit.

mulletino

2:56pm

Honestly, would be great to open several cards for her as avg age of credit is

4thand19

2:56pm

Our kids get them when they turn 16. Need them for gas/emergencies and it helps to start building credit. We also

HarlemCoug

3:04pm

Authorized user doesn't build credit as well as their own card.

ryebrye

3:06pm

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