Here are key factors to consider when adding authorized users to your credit card: Updated: February 2022 What you need to know about adding authorized users to your credit cardīefore adding your child to your card, consider the ins and outs of how the issuer handles authorized users to make sure you (and your child) get the desired benefits without getting hit by high fees. If you run into financial difficulties and stop making payments on that card and your credit tanks as a result, your kid’s credit will take a hit, too, unless you remove them from the card. Also, adding a child too early can backfire. While some parents might be tempted to put a newborn on their best credit card as an authorized user so they can have 18 years of credit history before applying for their own credit lines, there’s no need to rush.įirst, it’s not necessary because a few years is plenty of time for a kid to build a credit history and an excellent score.
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Bank of America, Capital One, Chase, Wells Fargo and Citibank have no minimum age requirements for adding authorized users to credit card accounts. The question of whether you can add your child to your card as an authorized user hinges on age. Some issuers impose a minimum age, while others don’t – but a few cards prohibit cardholders from adding minors altogether.
Most major card issuers allow you to add a minor as an authorized user. Can you add a minor or child as an authorized user?
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“They’re going to be using credit for the rest of their lives, so it makes sense that you as a parent should teach them how to use it carefully from an early age,” she says. But before you add your child to your card, you need to consider card issuer rules.Īt an appropriate age, adding your child as an authorized user can help them build credit, provide access to funds in an emergency and offer lessons on using an account responsibly, says Brette Sember, author of “The Complete Credit Repair Kit.” Some parents want to give their child’s credit history an early start by adding them as an authorized user to their credit cards before they reach adulthood.
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