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Best teen credit cards

Pay on time to boost your cash back to a total of 1. Get access to a higher credit line with Credit Steps after making your first 5 monthly payments on time. That means you will not be responsible for fraudulent purchases. Transfer your higher-rate balances onto a Capital One card.
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Read this before giving your teenager a credit card

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Read this before giving your teenager a credit card - MarketWatch

Your little one is all grown up! He might be heading off to college in the fall, or she might start working full time after high school graduation. The good news is that you no longer have to worry about credit card companies persuading your teenager to sign up for a credit card he might not be ready for in exchange for a Frisbee, a tee-shirt, or a slice of pizza. Since the Credit CARD act of went into effect, young adults are no longer thrown into the credit deep end and left to sink or swim on their own. Anyone under the age of 21 who is applying for credit must now either have an adult co-signer or proof of income in order to qualify for credit. The flip side of this good news is that parents have to step up and make certain that they teach their teenagers how to build good credit. If you want to make sure your teen gets a good start financially, here are five moves you can help her take to start building credit:.
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How to Help Your Teenager Begin to Build Credit Responsibly

Personal money-management website Mint. In making the case for giving minors access to their own personal line of credit, Mint. But the idea that they need a card of their own to practice this is questionable, at best.
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Written by parents for parents. One of the debates raging right now regarding teenagers centers around teen credit cards. While some insist that teen credit cards can help teach important money management skills, others say that teen credit cards do little more than get teenagers used to the idea of using plastic to pay for items.
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