Should your teen have a credit card?

Important considerations before you hand one over.

Simply giving your teen a card won't teach them about credit:

They'll still need your guidance and coaching to avoid debt.

Teens need to understand money management first:

Before giving them a card, teens first need to understand the importance of budgeting and saving.

Make sure you have time to coach them:

Teens need to understand the billing cycle of credit cards, how interest rates work and why it's important to pay in full.

See more considerations + what specifically you need to teach your teen to keep them out of debt.