Choosing the first credit card for your teen is a big decision. It's about more than just picking a card; it's about setting them up for financial success. Start with low interest rates to avoid hefty charges. Opt for cards with no annual fees and low credit limits to keep debt in check. Parental oversight can be a helpful tool for monitoring spending, even if it's temporary. Avoid high-reward cards that might encourage unnecessary spending. Teaching your teen responsible credit use now sets the stage for smarter choices in the future.
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