How old do you have to be in order to be added as an authorized user account?
Age requirements are based on individual guidelines and restrictions of card issuing companies.
Some card companies will require proof of age when it applies to their regulations, and others will only issue the card based on either social security number or a combination of minimal documentation.
With many parents using the power of authorized user tradelines to help build their children’s credit history at an early age, it is common for students to be issued cards with restrictions on their parent’s accounts.
In addition to building a credit history, the experience in handling credit cards for the first time can be closely monitored by parents.
Some parents elect to provide their teens with cards to eliminate giving them cash and also tracking where the money is spent.
Key factors to understand are:
* Age requirements for authorized users vary by the card issuing companies.
* Some will require varying forms of age and identity verification while others may not.
* It is a common practice for parents to add teen children as authorized users.