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What are some good credit cards to give a teenager?

A:

Quick Answer

Some good credit cards for parents to give to teenagers include the DFCU Teen Visa Platinum card and Discover It chrome card, according to Investopedia. Parents should choose a card for their teenagers based on age, maturity level and financial knowledge and skill.

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Full Answer

The DFCU Teen Visa Platium card is a good option for teenagers between the ages of 16 and 18 because it has a credit limit between $250 and $1000 and helps teens establish positive credit ratings early on, explains Investopedia. For those over 18, the Discover It Chrome card has no annual fees and doesn't impose a penalty rate for making late payments.

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