<ul data-eligibleForWebStory="false"><li>Handing your teenager a credit card can be a valuable financial teaching tool, but it carries risks like damaging their credit score.</li><li>Adding your teen as an authorized user on your credit card can help them learn budgeting and money management skills.</li><li>Teens can benefit from building an early credit history under parental guidance, which may facilitate future financial opportunities.</li><li>Before opting for a credit card, starting with a teen-friendly savings account can teach responsible money management habits and goal setting.</li></ul>

Does Your Teen Need A Credit Card? Here’s What Parents Should Know

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