By CBS3 Staff

PHILADELPHIA (CBS) — Did you have a credit card when you were a kid? Probably not, but that’s not the case with today’s children. It looks like more parents are trusting their children with plastic at an early age, according to a new report from

Experts say there are some pros and cons to the trend.

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Underage children can’t apply for their own credit cards.

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So parents add them as authorized users to their accounts — which means kids could make unauthorized purchases and therefore ruin their parents’ credit.

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On the plus side, experts say it gives kids a head start building their credit and learning how to manage their finances.