Visa for Teens

Introducing Your Teen to Credit

Introducing your teen to credit before they leave the home is a great way to help them prevent financial pitfalls in adulthood. Here are some of things that you can do right now to help your teen understand the importance and power of a credit card.


Having and using a line of credit responsibly will help to build your teen’s credit score in the future. This score can play a role in determining whether or not they will be able to secure loans, jobs, apartments, and more. Sit down and explain credit scores with your teen as well as the factors that help it go up and down. This is an opportunity for them to practice good habits that can benefit them once they have a credit profile of their own, as well as to learn from their mistakes. Under normal circumstances, credit will not begin reporting under your child’s name until they turn 18.


Unlike a debit card, a credit card is using money that you may not necessarily have. Teach your teen about staying under 30% of their credit limit (this will help keep their score high) and not buying anything that they don't have a plan for paying off.


What will this card be used for? Is it for emergencies only? Maybe it's for school expenses. Whatever it may be, sit down with your teen and let them know what your expectations are for the card, especially if they are an authorized user on your account.

Hand holding credit scoreCYPRUS PLATINUM VISA

In order to qualify for a Cyprus Platinum Visa card, a teen must:

  • Be a member of Cyprus Credit Union
  • Apply with a qualified co-signer

Benefits of a Cyprus Platinum Visa:

  • Low rates
  • Start establishing credit
  • Notifications to keep parents in the know
  • Manage your card with our Card Control App
  • Free mobile banking
  • Access to more than 28,000 surcharge free ATMS nationwide
  • 25 day grace period on purchases
  • Verified by Visa protection

To apply, call (801) 260-7700 or visit any of our branch locations.

Home Banking

Visa Platinum Rewards

APR as low as 13.99%

Visa Platinum Rewards

  • Earn one point for every dollar you spend
  • Redeem for gift cards, travel, merchandise & more

Visa Platinum Cash Back

APR as low as 16.99%

Visa Platinum Cash Back

  • 1.5% cash back on all purchases 
  • Paid quarterly and automatically deposited to your savings account 

Visa Platinum

APR as low as 11.49%

Visa Platinum

  • Lowest interest rate
  • Great for debt consolidation


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The products and services on this page are offered through LPL Financial or its affiliates by Registered Representatives of LPL Financial. These products and services are not credit union deposits, not credit union guaranteed, not insured by NCUA or any other government agency, and may lose value. Cyprus Credit Union is a separate entity and is not affiliated with LPL Financial.
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