How can I build credit as a minor?

You can build credit as a minor by becoming an authorized user on a friend or family member’s credit card account. A child usually needs to be between 13 and 15 years old to qualify as an authorized user, and some credit card issuers do not have a minimum age requirement.

It’s important to note you should confirm with the issuer whether your activity will be reported to the credit bureaus. Most issuers will report an authorized user’s payment history, even if the person is a minor, but some may not.

Financial products typically have a minimum age requirement of 18 years old. Additionally, if you are under 21 there are strict requirements for most credit cards. If you do not have a co-signer, you will likely have to prove your income is sufficient enough to service the payments.

You can learn how to build credit and compare the best credit cards for teens for free here at WalletHub.com.