re: Adding children to a credit card account

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I disagree. Making them understand credit and how to build their own good credit score is more important

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Pay your bills on time? I think that's pretty easy for everyone to understand. I'll give you an example. My car has 205,000 miles on it and I've only had a credit card for about 8 months. If my car decides to die tomorrow I'm not going to get a great interest rate. If my parents had me as a user on a credit card since I was younger I would be able to get a better loan.

I get teaching your kid to be responsible, but the way to build credit is to aquire it and make your payments on time. I don't think the paying part is that hard to understand and you'll get it real quick if you don't pay it. To me it's just another way to set your kid up to be more successful after college instead of being out on your own for the first time having to build credit while trying to get the rest of your life in order.