Kids and Credit Cards

Teach Kids About Charge Cards Money ABCs Credit cards allow your child to pay for things up to a certain credit limit (a fixed dollar amount set by the credit card company). For example, your child may have a $1,000 credit limit, allowing him t...

Teach Kids About Buying on Credit Using a credit card to pay for things is more common in many places than using cash. So it's important as teens become more independent to be able to get their own credit cards and handle them well. It's not too...

Teach Kids How to Build a Good Credit Rating You may be willing to give your child credit by making a loan. Loans to children from people they know are discussed Loaning Money to Your Child. Financial Building Blocks The three main credit repo...

Teach Kids About Borrowing Money In Hamlet, Polonius warned, “Neither a borrower nor a lender be.” His cautionary words still ring true today. Using credit has become a quick way to instant gratification: You can see it, want it, and buy it ...

When to Use a Credit Card An important thing to remember about credit cards is that just because you have them, you don't have to use them to rack up a lot of debt for stuff you don't need. As gratifying as it might be to throw a bunch of bags o...

Credit Card Basics By this point in your life, you probably have at least one credit card. And you can be sure if you have one, or even if you don't, you'll be offered more. Credit card companies in this country send out almost 2.5 billion offer...

Tips for Students: Credit Reports and Building a Strong Credit HistoryA credit report is similar to high school and college grade transcripts. Just like poor grades can negatively affect your career and academic options, a poor credit history can...

Tips for Students: What Many People Do Not Know About Credit CardsThe following items are not widely known. In fact, you may want to share these tips with your parents! If your credit card uses different rates for purchases, transfers, and cash ...

Credit Card Savvy: Plastic Tips for StudentsHere are the key tips for managing a credit card. They will help you minimize your expenses, limit your accumulated debt, and maximize your personal wealth. Before you start using a card, decide what i...

Students and Credit Card DebtBrought to you by the American School Counselor Association Pros and Cons Should your college freshman apply for a credit card? Maybe. If you look on the bright side, getting a credit card can help establish a credit...