Should you add your child to your credit card?

Adding your kid to your credit card can be a shortcut to helping them establish their own credit history, which is hugely important for their financial future. But as much as you may want to give your progeny a boost, it is also natural to have mixed feelings about handing over a credit card with your name on it.

So, should you do it? The first step in making this decision is understanding how authorized user arrangements for credit cards work. From there, you will want to weigh the pros and cons and consider the specifics of your situation to decide what the right call is.

How can adding your kid as an authorized user help them?

You can add your child to your credit card account by making them an authorized user. While they may get a card with their name on it, you — the primary user —