Can I get my 17 year old daughter a credit card?

Getting a credit card before 18

Kids younger than 18 typically can't open their own credit card. But they may be able to access credit in other ways. One is by becoming an authorized user on someone else's credit card account. An authorized user is a person a cardholder has granted access to use their account.

Can I add my 17 year old daughter to my credit card?

Yes, you can add your teenager to your credit card as an authorized user, but the teen's age will matter to some credit card companies. American Express and Discover require authorized users to be at least 15 years old, for example, while U.S. Bank requires them to be 16.

How do parents apply a credit card for minors?

The best way to get credit cards for minors is to add them as an authorized user. A minor cannot get their own credit card account. You must be at least 18 years old to do so. But all major credit card companies allow customers to get authorized-user credit cards for minors.

Can you get a credit card at 17 with a co signer?

Technically, you can apply for a credit card as young as age 18. However, the CARD Act requires card issuers to use discretion when approving younger applicants. To get a credit card in your name under the age of 21, you need to have one of the following: A co-signer who's willing to share responsibility for the card.

How can I build my credit at 17 without a parent?

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Can I get a credit card at 17 with a parent?

If you want a card and you're under 18, you can have access to a card by becoming an authorized user on someone else's card (typically a parent or legal guardian). Some issuers have minimum age requirements for becoming an authorized user.

Can I build credit at 17?

The good news is your child doesn't have to be 18 to start building credit. Get on the path to establishing credit for your child and help them secure a strong financial future.

Can I get a credit card in my child's name to build credit?

Build credit

While not all credit issuers report authorized user activity to the credit bureaus, there's a good chance adding your child as an authorized user on your credit card could help them build a valuable credit history they'll need later in life.

Can I open a credit card in my child's name?

Strictly speaking, parents cannot open a credit card account for their minor children. Only a person age 18 and over can enter into a legally binding contract, which includes applying for a credit card as the primary account holder.

How old does my daughter have to be to add her to my credit card?

Children who are 18 and older can be added as authorized users without issue. Some banks may not allow children under a certain age to be added as authorized users.

Can my mom take out a credit card in my name?

Opening up a credit card in someone else's name is identity theft. There's always a chance the family member is also using your identity elsewhere — even to commit other crimes.

Can a parent add a child to a credit card?

Depending on your credit card issuer, you can add your child as an authorized user on your account as long as they meet the issuer's requirements. Before doing so, you'll want to make sure your child has a good understanding of how credit and debt repayment work.

Can a child legally use their parents credit card?

That's fraud, which is a crime. And you technically aren't allowed to use a credit card that isn't your own under any circumstances. But in reality, you shouldn't run into any problems if you're using a friend's or family member's credit card with their permission. That's especially true if you're the same gender.

Does adding my son to my credit card build his credit?

Making your child an authorized user on your credit card can help them learn to responsibly use money and build up their credit. By setting up an authorized user relationship, your child has the opportunity to start building a positive credit history even if they are still too young to open a credit card of their own.

How do I start building credit for my child?

You can begin building your child's credit whenever you want to by making him or her an authorized user on your credit card. Usually, you have to be at least 18 and have an income to take on a credit card or loan, which are the conventional ways that people start building credit.

What credit score do you start with?

While the starting point of VantageScore and FICO credit scores is 300, starting this low is unlikely unless you demonstrate very poor credit management skills.

Can a parent use their child's SSN?

Parents already have access to all the personal information and documents needed for identity fraud. When a thief has a child's PII, they can carry out various types of child identity theft, such as: Opening a credit card in a child's name. Using a child's SSN to claim government benefits.

What happens when someone opened a credit card in your name?

You'll need to file reports with the credit card issuer, FTC, local police, and credit bureaus. You may want to put fraud alerts and/or freezes on your credit report and work closely with the credit card issuer to remove any fraudulent charges and close the account.

What happens if you use your parents credit card without them knowing?

If a family member used your credit card without your knowledge or permission, it is considered unauthorized use, or fraud. The Fair Credit Billing Act offers protections for unauthorized use of your credit card. You might have to file a police report to avail of some protections in fraudulent use cases.

Can a 17 year old have a credit card in their name?

You generally have to be at least 18 to open your own credit card. That's because before you turn 18, you're typically too young to enter into contracts. That can include things like credit card agreements. And if you're under 21, there might be some extra requirements to get your own credit card.

How old must you be to have a credit card in your name without showing proof of independent income or having a co signer?

You have to be at least 18 years old to open a credit card account in your own name, although you can become an authorized user on someone else's account earlier. Getting a credit card at 18 can be tough, though, and will likely require a co-signer or proof of income.

Can someone open a credit card with my Social Security number?

A dishonest person who has your Social Security number can use it to get other personal information about you. Identity thieves can use your number and your good credit to apply for more credit in your name. Then, when they use the credit cards and don't pay the bills, it damages your credit.

What is the punishment for using someone else's credit card?

a misdemeanor credit card fraud conviction is punishable by up to one year in county jail and a fine up $1,000 fine; a felony credit card conviction is punishable by 16 months, 2 or 3 years in jail and a fine up to $10,000.

Is it illegal to get a credit card under someone else's name?

No, you cannot open a credit card in someone else's name without their knowledge or consent as it is against the law. Attempting to do this will be considered identity theft. So, you should either open a credit card in your name or get someone to add you as an authorized user on their account.