quote:

From what I understand, you can add him as authorized user to credit card. He will obtain your entire credit history from that card. To where his oldest account might be older than him. But he would also have your spending power too with the credit limit. As long as you teach him limits/responsibility and pay the bill in full this might be a good idea for him to establish credit history. I’m considering same thing for my son around his age

I have a capital one credit card with a relatively small credit limit that I can add a child as an AU. It does not allow me to enter SSN for anyone under 18, so I doubt it will start a credit history for my kid. I have been thinking about how to get a credit history started for my kids though.

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Posted by DaBeerz

Member since Sep 2004

17405 posts

Posted on 5/22/24 at 8:59 am to CubsFanBudMan

I was reading a chart that capital one does report to credit bureau

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Posted by NATidefan

Two hours North of Birmingham

Member since Dec 2008

36469 posts

Posted on 5/22/24 at 9:18 am to CubsFanBudMan

quote:
I have a capital one credit card with a relatively small credit limit that I can add a child as an AU. It does not allow me to enter SSN for anyone under 18, so I doubt it will start a credit history for my kid. I have been thinking about how to get a credit history started for my kids though.

They all have different rules for adding authorized users. But most will let you under 18 from my experience. Some they have to be 15 or 13. Some they just have to be alive. I have had my kids added to most of mine since they were 10-13

This post was edited on 5/22/24 at 9:25 am

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