Difference between revisions of "Get a Visa Credit Card for Your Kid"
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It's important to help your child get a good financial education. Part of that education includes how to establish a credit history and using credit responsibly. FICO has restricted the use of "piggybacking" – allowing another person to become an authorized user on your credit card – as a primary way of building credit<ref>http://www.creditcardideas.com/blog/adding-an-authorized-user-to-increase-credit-scores</ref>. It's still possible to help your child get a Visa credit card, but some strategies can take a bit longer than securing one for yourself. | It's important to help your child get a good financial education. Part of that education includes how to establish a credit history and using credit responsibly. FICO has restricted the use of "piggybacking" – allowing another person to become an authorized user on your credit card – as a primary way of building credit<ref>http://www.creditcardideas.com/blog/adding-an-authorized-user-to-increase-credit-scores</ref>. It's still possible to help your child get a Visa credit card, but some strategies can take a bit longer than securing one for yourself. | ||
| − | [[Category:Obtaining Credit and Debit Cards]] | + | [[Category: Obtaining Credit and Debit Cards]] |
== Steps == | == Steps == | ||
