5 Questions to Answer Before Adding Your Child to Your Credit Card

Parents often look for ways to prepare their children for financial independence. One common strategy is to add a child as an authorized user on a credit card. This approach can help them build credit history early and learn how to manage money responsibly. However, adding your child to your credit card is not a decision to make lightly. It carries both opportunities and risks, and answering a few key questions beforehand can make all the difference in whether this step benefits your family’s financial goals.