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Watercooler: When, and how, to give your teen a credit card los Angeles Times Published Dec 8, 2012 01:01AM MDT Is your teenager ready for a credit card? If so, how can you keep the spending from spiraling out of control? Take this advice from the National Foundation for Credit Counseling: Consider a credit card linked to yours • Not only will your teen inherit your good credit rating, but it will also allow you to see how much they are spending. A good plan is to tell teens at first to use the card only for emergencies. If they show they can handle that, allow spending that they can fully pay off with t... Copyright 2012 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.