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Top 10 Credit Card Tips for Teens

by Erin Dower

Parents are increasingly allowing teens to get their own credit card. When they're used correctly, credit cards can help teens learn financial responsibility. Just be sure to prepare them with some wise tips to build good credit and prevent wild spending.

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Don't Get One Just Because Friends Are

As with everything in your teen's life, peer pressure is a factor in her wanting a credit card. Don't allow her to have one just because her friends do. Tell her what she needs to know about credit cards before taking the plunge.

Next: Think of Credit Cards as Cash

More on: Teens and Money

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