3 Reasons to Add Your Child as An Authorized User

Dec 11, 2019


Welcome to Life Designers, your trusted consultants and coaches in the field of business and consumer services. In this article, we will explore the importance of adding your child as an authorized user on your credit card. As a leading expert in life design consulting and coaching, we are committed to helping you make informed decisions that shape your future and that of your loved ones.

Reason 1: Establish Financial Literacy and Responsibility

One of the key benefits of adding your child as an authorized user on your credit card is the opportunity to establish financial literacy and responsibility from an early age. By involving them in the financial aspects of everyday life, they can gain practical knowledge about money management and develop essential skills that will serve them well in the future.

As an authorized user, your child will have the chance to observe and learn how credit cards work, understand the importance of making timely payments, and grasp the concept of interest rates. This hands-on experience will foster a sense of financial responsibility, enabling them to make sound financial decisions later in life.

Reason 2: Build a Strong Credit History

In today's world, a solid credit history is essential for various financial endeavors. Adding your child as an authorized user can give them a head start in building a strong credit history. Remember, the credit history of the primary cardholder is also shared with the authorized user, which means that responsible credit card usage by the primary cardholder benefits the child as well.

By adding your child as an authorized user and using the credit card responsibly, you can help them establish a positive credit history early on. This can be particularly advantageous when they eventually apply for their own credit cards, loans, or even rental agreements. A solid credit history can open doors to better financial opportunities and lower interest rates in the future.

Reason 3: Teach Financial Independence

Adding your child as an authorized user not only imparts financial knowledge and builds their credit history, but it also helps teach them financial independence. By giving them access to a credit card under your supervision, you can gradually introduce them to the responsibilities and risks associated with financial freedom.

Allowing your child to make small, supervised purchases and tracking their spending habits can foster a sense of accountability and teach them how to manage their own money. This hands-on experience equips them with the necessary skills to make informed financial decisions when they are ready to manage their own finances independently.


As you can see, there are compelling reasons to consider adding your child as an authorized user on your credit card. Doing so can help establish financial literacy, build a strong credit history, and teach them valuable lessons about financial independence. At Life Designers, we believe in empowering individuals and families to make the best choices for their future. Contact us today for expert consulting and coaching services in the business and consumer services industry.