What should I look for in choosing a credit card for kids?
When choosing a credit card for kids you should look for the usual things, low apr, appropriate spending limit, and hopefully an introductory rate of 0%, but there are other useful features the ideal credit card for kids should have.

Less obvious features to look for are things like the ability to track spending online. With online credit card tracking you can go over expenses with your kids and help them spend more wisely. You may also want to find a card that offers discounts and rewards tailored to kids. For example, the mtvU Credit Card for Kids gives students discounts on music, free cds, and other rewards kids will enjoy. The Driver's Edge Credit Card for Kids is another great choice because teenage kids can use it to earn rebates towards any new or used car.

Why should I give my kids a credit card?
There are many reasons to get a credit card for your kids. Signing up for a credit card for your kid is a great way to encourage responsible spending, teach them how a credit card works, and most importantly build credit. If your teenager is just starting to drive you may also want them to keep an extra credit card in the car in case of emergency.

What is the best way to help my kid build credit with a credit card?
The best way to build credit for your kid is to sign up for a new credit card yourself. After you get the credit card if you add a second credit card under you kid's name, your kid will inherit your FICO score and be on the way to great credit. After this they should sign up for their own credit card so that they have a second line of credit.

I don't care about building credit. I just want to give my kid a credit card so I don't have to give them cash all the time.
Building credit is an automatic benefit to getting a credit card for your kid. If you are just looking for a way to watch their spending or just as a replacement for cash then we recommend the Citi Platinum Credit Card for Kids. It has 0% APR for 6 months on all purchases and free online account management.

Okay, but seriously, does my kid really need a credit card?
The thing about credit is it is easier to get it when you do not need it than when you do. When your kid goes to look for a house, car loan, or student loan they will be approved based on their credit history. Getting a credit card and using it responsibly is the first step to building their credit history. Teenagers are at the perfect age to begin building credit because parents can help monitor their spending and teach them self-control, financial planning, and the way the credit card system works. Not only that, but kids can earn rewards and points towards music, cds, gas, airfare, and other discounts at their favorite stores. Combined with responsible spending and paying credit card bills on time this will save you money in the long run. No one needs a credit card, but it is good to have it there in case you do.