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Adult Children
Reply to "What of credit card for 18 year old?"
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[quote=Anonymous][quote=Anonymous]Authorized user would have been appropriate for a minor in high school. I recommend they get a secured credit card to start building credit in their own name. Basically you make a deposit and that becomes your monthly limit. Then they can start building their OWN credit by paying it off in full each month. [/quote] Beingcan authorized user on your card will build their credit but they start off with your credit score which ( assuming it's good) can help them immensely. Myb18 year olds oldest credit card was 30 years old according to his credit score. After some time he can get his own card with much better rates/ terms. [/quote]
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