Shocking Percentage Of Parents Have Caught Kids Using Their Credit Cards

A new LendingTree survey finds:

• 46% of parents say they’ve caught their kids making purchases with their credit or debit cards without their okay.
• Kids who have used their parents' cards without permission have spent, on average $500.
• The highest amount charged without permission was $524.
• The most common unauthorized expenses include:
  • On-app or in-game purchases (28%)
  • Ordering food delivery (16%)
  • Purchases made through voice-activated speakers (15%)
  • Purchase through streaming service (15%)
  • Bought clothes (14%)
  • Bought toys or games (13%)
• 60% of parents with kids under 18 have let their kids use their credit or debit card.
• And almost half, 48%, have regretted it.
• Fathers are more likely than mothers to let their kids use their credit card.
• Fathers are also more likely to regret that decision.