Reply to Adding 18 year old as authorized user on credit card - yay or nay- for building their credit score

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Get a card for the kid but keep the info secret to yourself, and use it for some purchases.

But the risk of buildit credit for your kid is that it makes them "creditworthy" before they've shown they can be responsible with it, which defeats the purpose. [/quote]
Am I understanding you? You’re saying parents should get a credit card in their kid’s name without telling their kid, use it to buy things occasionally and pay it off - without telling their kid - to build credit for the kid? That’s sketchy at best if your kid is a minor and fraud if they are 18.

Just add them to your card or get them a card (with their knowledge and participation, that THEY use!) and monitor it, helping them learn how to use it and pay it off responsibly. Secretly getting a card doesn’t teach them anything. [/quote]

DP. I think PP meant to say "add your DC to your card as an authorized user, don't tell them, use it as needed to build their credit history". That's what we did. for about a year until kid turned 18 and applied for a card on their own and got approved. He can improve or destroy his credit now without affecting mine. Does he "deserve" that credit history? About as much as y'all's kids deserve their mommy-and-daddy's money curated college admission to a 'top school'. [/quote]

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