If you were thinking that only adults carry credit cards, then it might surprise you to know that they are becoming increasingly popular in the teen age crowd. Don’t worry, the parents are signers on the account, so you need not worry about the bills being paid. Parents are taking advantage of the credit card processing that is available in most stores and using these cards as an opportunity to teach their children how to budget and spend.
A dad might put his daughter’s allowance into a bank account and then give her the card to use at the mall. Or a mom might sign up for his son to have his own credit card as a part of her account to teach him how to make payments and plan his expenditures.
