Best bank for adding kids as AU

[Anonymous]

All,

     I am going to add my child as a AU to one of my cards so they can start building a credit history.   The question is which card should I add them to.  Options are:

Chase 

Amex

Citi

cap one

Discover

I am going to hold onto the card and only give them access when they want to go to 7-11 or walmart ect.  so there is no outragous spend.  Which bank do you think I should use?? I was thinking chase but at this point I cant decide.   Thoughts....

[delaney1]

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@Anonymous wrote:

All,

     I am going to add my child as a AU to one of my cards so they can start building a credit history.   The question is which card should I add them to.  Options are:

Chase 

Amex

Citi

cap one

Discover

I am going to hold onto the card and only give them access when they want to go to 7-11 or walmart ect.  so there is no outragous spend.  Which bank do you think I should use?? I was thinking chase but at this point I cant decide.   Thoughts....

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I added them to two Cap One cards. I also called in and had a specific credit limit set up for each one.i think before my working college students got their own credit cards the limit was set at $1k or $2k (unlocked) and my high school aged child had a $500 limit(locked....I held the card, and she had to ask me to unlock it when she wanted to use it). I also added one of my kids to my Chase Freedom. I've had no issues.

[Sandman771]

Yeah not one of the banks here but I added my daughter to my NFCU oldest card 4 years ago. Last week with 4 years of perfect payments history she apped for her own card and got a $5K SL all on her own. 

[Ficoproblems247]

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@Anonymous wrote:

All,

     I am going to add my child as a AU to one of my cards so they can start building a credit history.   The question is which card should I add them to.  Options are:

Chase 

Amex

Citi

cap one

Discover

I am going to hold onto the card and only give them access when they want to go to 7-11 or walmart ect.  so there is no outragous spend.  Which bank do you think I should use?? I was thinking chase but at this point I cant decide.   Thoughts....

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It also depends on your child's age. Out of the lenders you listed, AMEX has a minimum age of 13 years old, Disco is 15. The rest have no age restrictions. I don't know if that applies to your situation, but that was something I found out when researching all of those lenders before I added my 11 yr old to my Citi DC. 

[Heatt99]

One that will accept them without AA or age restrictions.

Amex will start the aging process at time of AU. If there is a large limit on the card, it should weigh nicely with CPU lending.

High limits are cool, but remember the age of the card if older than the child, would look silly to lenders that actually look at profiles.

AUs in any capacity will help others when it comes to them trying to obtain primaries.

I say Discover & CapOne for 2 networks just in case of emergencies 

[Anonymous]

Thanks everyone!!

[Mr_Mojo_Risin]

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@Ficoproblems247 wrote:

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@Anonymous wrote:

All,

     I am going to add my child as a AU to one of my cards so they can start building a credit history.   The question is which card should I add them to.  Options are:

Chase 

Amex

Citi

cap one

Discover

I am going to hold onto the card and only give them access when they want to go to 7-11 or walmart ect.  so there is no outragous spend.  Which bank do you think I should use?? I was thinking chase but at this point I cant decide.   Thoughts....

---

It also depends on your child's age. Out of the lenders you listed, AMEX has a minimum age of 13 years old, Disco is 15. The rest have no age restrictions. I don't know if that applies to your situation, but that was something I found out when researching all of those lenders before I added my 11 yr old to my Citi DC. 

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Thanks for adding those DP's. 

That helps me out in adding my grandson when he's of age, only 7 right now. Little ways to go. 😆

[805orbust]

I've done this with all my kids. The easiest are:

Discover 

Chase

Amex

Simple. No nonsense, and quick. Those 3 worked out great and instantly for me.

[Wavester64]

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@Anonymous wrote:

All,

     I am going to add my child as a AU to one of my cards so they can start building a credit history.   The question is which card should I add them to.  Options are:

Chase 

Amex

Citi

cap one

Discover

I am going to hold onto the card and only give them access when they want to go to 7-11 or walmart ect.  so there is no outragous spend.  Which bank do you think I should use?? I was thinking chase but at this point I cant decide.   Thoughts....

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I know this doesn't answer your question, but I get advertisements all the time from CHASE for Children for, I believe it's called CHASE "First Banking" where they get their own debit card that you can monitor. Something you might want to consider.

[Anonymous]

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@Wavester64 wrote:

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@Anonymous wrote:

All,

     I am going to add my child as a AU to one of my cards so they can start building a credit history.   The question is which card should I add them to.  Options are:

Chase 

Amex

Citi

cap one

Discover

I am going to hold onto the card and only give them access when they want to go to 7-11 or walmart ect.  so there is no outragous spend.  Which bank do you think I should use?? I was thinking chase but at this point I cant decide.   Thoughts....

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I know this doesn't answer your question, but I get advertisements all the time from CHASE for Children for, I believe it's called CHASE "First Banking" where they get their own debit card that you can monitor. Something you might want to consider.

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Intresting....   I looked into it and apprently you have to have a checking account with Chase already to start one of these accounts.   Currently I only have a Chase CC but its something I am to keep in the back of my head down the road as I have several chase branches in the area.  Thanks for the tip.