Credit Cards

ObjectiveTo educate kids about credit cards and to encourage good habits and responsible use of credit.
Description Credit Cards

Credit Cards can be a very useful tool, but they can also be very dangerous. Take the time to learn about credit cards and how to use them responsibly.


1. Discuss credit cards with your friends or family. Ask them what they know about credit cards and how they feel about credit cards. There are a few credit card games listed below. Play one of them with your friends or family.

2. Talk to friends and family about the positives and negatives to owning a credit card. How can it be used as a tool? How can it be damaging? Research credit cards online, what are the experts saying about credit cards?

3. How do people get in trouble with credit? Look at a couple of retailer credit cards (like the Best Buy master card). How much interest are they typically charging? What are they doing to attract people to get their card (special offers, no interest/payment periods, discounts)? Why do you think that retailers are trying so hard to get you hooked on credit? 

4. Talk with your parents about getting a low limit or pre-paid card, this is a good way for you to build good credit habits in later life. Habits such as being a balance payer, not missing payments or having late payments, not ignoring the debt and so on.

Credit Games:

1. Charge Large: This Hasbro Board Game teaches kids how to borrow strategically and pay back quickly. The winner of the game earns a credit limit of $2500 and has no debt.

2. Wells Fargo Stage Coach Island: This is an online role playing game where kids and teens create an avatar and enter into a  role playing game which teaches smart money management. Just a warning it is Wells Fargo promotional material, so there is a lot of Wells Fargo agenda pushing. 

3. Bad Credit Hotel: This online game is very cheesy, but it has good information about debt and credit. It might be fun to play as a family. (hook your laptop up to a TV, gather around and try to escape the bad debt hotel)



Complete When

Mark this activity as complete when you have researched credit cards, talked about credit cards, you feel like you have a good understanding of the benefits and dangers of credit cards and you have played at least one of the online games.

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This activity is included in the following:

Prerequisites Maxed Out
Good Debt, Bad Debt, No Debt
Simple vs. Compound Interest
Average Rating
Your Rating Sign In or Sign Up to rate this activity
Age Range 14    15    16    17    18   
Activity Type Lesson
Tags Logical-Mathematical Intelligence  Credit Cards 
Last ModifiedRobRob


Reference Reference Note  
Credit Cards Canada Blog This article shows gives you some board games and online games that will help teach your children about credit cards.
BMO SmartSteps for Parents

This is an article that helps parents teach their children about credit cards. Scroll down and there is a calculator that will help teens to know what the interest charge will be on a purchase.

Teen Credit Card Smarts

This article important facts and statistics about credit card use in America and it gives you strategies on how to open a dialogue about proper credit card use.

Kids and Credit Cards

Card Ratings Here is an article on whether or not it is a good idea to start your teen out with a credit card.

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