3 In 10 Kids Have Used Parents' Credit Or Debit Cards Without Permission

MoneyTips

You're reviewing your credit card bill and find some odd charges. How did you rack up hundreds of dollars in online gaming charges?

Your first thoughts may be fraud – but before filing a fraud report, think about who has access to your credit card. Do your children know where your credit card is and how to use it? Is it available on a computer, tablet, or phone they use?

A new survey by CompareCards.com finds that 29% of Americans with children below the age of eighteen have had a child use their credit or debit card without permission. Meanwhile, 52% of respondents gave their child permission to use their credit cards or debit cards – with 36% allowing three or more purchases. Of that 52% of respondents, 48% regretted their decision.

Men were more likely to be burned by children using their card without permission. While 44% of men claimed to be victimized, only 19% of women did. Men also were far more likely to regret their decision to let children us...

from MoneyTips https://ift.tt/2DXJgG0