Start your credit journey early – the right way
Most teens don’t think about credit until they need it – for a car loan, apartment, or even a cellphone plan. The problem? If you wait until then to start, you may face higher interest rates, bigger deposits, or even denials.
The good news is, you can start building credit history before you turn 18 – and you don’t have to go into debt to do it.
Become an authorized user
Ask a parent or guardian if they can add you as an authorized user on one of their credit cards. You’ll get your own card, but the payment history will show up on your credit report, helping you establish credit early.
- Only do this if the account is in good standing – bad habits will hurt your score.
Open a joint account
Some credit unions, including Rize, allow teens to open accounts jointly with a parent or guardian. While checking and savings accounts don’t build credit on their own, managing them responsibly lays the foundation for smart financial habits.
Learn the credit basics now
Your credit score is based on factors like payment history, amounts owed, length of credit history, and more. Understanding how it’s calculated will help you make smart choices once you have credit in your own name.
Consider a secured card
Once you turn 18, a secured credit card is a great first step. You put down a deposit, say $300, which becomes your credit limit. Use it for small purchases and pay it off in full each month to show lenders you’re responsible.
The Rize advantage for teens
Rize Credit Union offers youth-friendly products and guidance to help you start your financial life strong – plus access to financial coaching so you can understand credit, budgeting, and saving before you need it.