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Reply to "Sending teen to college-a few questions "
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[quote=Anonymous]Yes, definitely for credit card. I would have her get one in her own name and stress the importance of only using it for certain expenses and not going wild, and make sure she pays it off monthly. It will definitely help build credit history. My parents also gave me one of their own cards in my name, which was for emergencies only. I think I always had it, but they really wanted me to have it for study abroad. It had a high limit so the thinking was, if I needed to be airlifted out of somewhere or something equally crazy and serious I would have a high credit limit to just pay. I never really needed it, thankfully, but it was good for peace of mind. Depending how you feel about paying for her expenses, I was also allowed to put things like groceries on it or pre-approved things I asked to use the card for (blazer for internship, etc.)[/quote]
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