@cbsmornings: Should parents give their college kids a credit card? CBS News business analyst Jill Schlesinger explains options like secured credit cards and adding a child as an authorized user and why relying on a debit card won’t help them establish a credit history. #creditcards #college #parents #credit #moneytok
If you, as a parent, are responsible, you can use an existing credit card and add your child as an authorized user. You don’t even have to give them access to the card if you don’t trust them yet. That will build credit for them automatically. Of course, if you are irresponsible with your credit card (e.g., late on payments), you will hurt your own child’s score in the process. And if you give your child access to this card, and they are irresponsible, they can hurt your score as well.
2026-08-19 21:31:03
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Tyson chicken :
Bro just get your own credit card it’s easy asf.
2026-08-19 20:17:21
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Christy.Canyon :
They should have it by high school to start building credit. Abuse it? I never had that issue because I am not one of those silly permissive parents.
2026-08-19 20:22:46
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Andrea L Pierson :
Please please please do not sell a secured card as a preloaded card. They use the amount, let’s say $500, of YOUR OWN CASH on lock down as collateral so if you don’t pay it, they close the card and take that money and that still hurts your credit.
2026-08-19 20:44:27
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Floof :
YES, a credit card is ALWAYS a good idea. They can give you such a leg up in the future. The only people that dont like it are people that spend more than they have and then go into debt
2026-08-19 19:18:19
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kirstennacole :
I feel like thinking of a credit card as a backup is a bad way to go about credit
2026-08-19 20:04:15
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cls1227 :
Yes.. you should have a cc at 18 to start building credit
2026-08-19 20:40:27
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icecoldcola89 :
Of course I would give my kids a credit card. 🥰🥰🥰
2026-08-19 18:43:29
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Private chatwith Elon :
Honestly they should have
2026-08-19 20:24:09
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Skupper :
there’s something called a job. I went to college full time and worked full time. No credit-cards and I was on my own with no silver spoon. People just lack work ethic and are full of excuses.
2026-08-19 20:23:16
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middleageTexan :
apple credit card - apple pay - you can lock and/or set amount
2026-08-19 20:01:21
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* :
🤣🤣🤣
2026-08-19 18:44:55
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