snowkitty wrote:
I didn't know you could even add your kids to a card under 18. Is this just an amex thing? My kids are 15 & 10 .... do people do this to build their credit or give them ability to shop?
I added my 15-year old son to my BCE and Optima cards earlier this year. My primary reason was to teach him about credit. But I also added him so that he could earn cash back and rewards points for me. I figure he's out spending my money anyway, he might as well earn some rewards for me.
CribDuchess wrote:
snowkitty wrote:
I didn't know you could even add your kids to a card under 18. Is this just an amex thing? My kids are 15 & 10 .... do people do this to build their credit or give them ability to shop?
I added my 15-year old son to my BCE and Optima cards earlier this year. My primary reason was to teach him about credit. But I also added him so that he could earn cash back and rewards points for me. I figure he's out spending my money anyway, he might as well earn some rewards for me.
+1
LOL...
I actually just added my younger brother and siste
I also didn't realize that there was a minimum age for Amex, or AU in general. I just gave my sister and brothers names when adding them to my Discover, not to sure if that just varies from CCC to CCC.
Starting Score: EQ: 600, EX: 580, TU: 599
DeadSpider wrote:Giving credit to kids as AU with Amex helps how to be responsible with credit and with AMEX you can cap AU's limit.
This. Just added my 15yo nephew this month as a way to (hopefully) build an Amex history for future backdating, and to teach him to use credit responsibly. Hopefully I can teach him to avoid the same mistakes I made starting out. Also, Amex is great about letting you cap AU limits/keeping an eye on the card.
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