BRISTOL, ENGLAND - NOVEMBER 03: In this photo illustration credit and debit cards are seen alongside pound coins on November 3, 2017 in Bristol, England. The Bank of England raised interest rates from a historic low for the first time in ten years this week raising costs of lending and concerns for householder debt. (Photo by Matt Cardy/Getty Images)
Credit cards for a teenager? Some financial experts say its a good idea to give them one.
With a proper limit set, a credit card could teach teens financial literacy within a “controlled environment.” 17 percent of adults in a survey said their children between the ages of 8 to 17 already have a credit card.
Would you give your teen a credit card? If you already have, are they responsible with it?