Your child is eligible to have their own credit card at the age of majority, which is 18 or 19, depending on the province. Here’s a list of do’s and don’ts every new credit card owner should know.


  • Keep track of your purchases, making sure you can cover the monthly bill.
  • Aim to pay your bill in full and on time each month, to avoid steep interest charges.
  • Check each monthly statement for any unknown charge, and contact the card provider if such a charge appears.


  • Don’t view a credit card as found money or the credit limit as an allowable amount to use. A debit card accesses your money; a credit card accesses the bank’s money.
  • Don’t fall into the trap of only making the minimum monthly payment. Interest continues to accrue until the debt may climb to an amount that’s difficult to pay off.
  • Don’t use your credit card for a cash advance. You’re charged interest from the day of the advance until the day you pay back the entire amount.

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