5 reasons to give your kid a credit card

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

Mae spoke with IRS Enrolled Agent Angela Snyder about why parents should give their kids credit cards.

1. Start teaching money while kids are young to prevent credit disasters in the future
2. Track spending and set limits
3. Parents can list chores and amounts they earn for completing them
4. Build credit early
5. Stop losing cash and lost card can be disabled

Don't miss

More Featured

Latest News

More News