Should I add my child as authorized users on my credit card?

Adding your children as authorized users on your credit card is one way to help teach sound credit management skills, and it might give their credit scores a head start. Read on to learn the best time to add your child as an authorized user on your credit card account. You'll also discover why this credit-building strategy can be so effective.

Can a child be added as authorized users?

The ability to add a child as authorized users depends on age and the bank’s rules. Children who are 18 and older can be added as authorized users without issue. Some banks may not allow children under a certain age to be added as authorized users. Below are the minimum age requirements for some of the most popular banks.

How do I add authorized users to my credit card?

A late payment, charge-off or bankruptcy could place a negative mark on any authorized users’ credit. Adding an authorized user is usually a straightforward process. Contact your bank or card issuer by calling them at the phone number written on the back of your credit card to begin.