Debit and credit cards are two of the most commonly used payment methods today. Over 175 million Americans have a credit card, according to the Consumer Financial Protection Bureau’s 2021 Consumer ...

Children under 18 cannot apply for their own credit cards, but they typically can be added to their parents' accounts as authorized users and be issued a card. Adding your child as an authorized user ...

Our writers and editors used an in-house natural language generation platform to assist with portions of this article, allowing them to focus on adding information that is uniquely helpful. The ...

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 ...

Provide advice and set rules as a child gets their first credit card Reviewed by Chip Stapleton Fact checked by Ryan Eichler Getting a minor a credit card can help them learn healthy money habits and ...

Credit cards for kids: Pros and cons Credit and debit cards may look identical, but they work very differently: A credit card lets you borrow money from an issuer while a debit card pulls money from ...