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Adult Children
Reply to "18 year old credit card question"
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[quote=Anonymous][quote=Anonymous]You don’t want I’m to be authorized user on your cc because your credit limit will be much higher than what he needs. Also if card is stolen or he overspends then hard to deal with the headache. Not to mention that he can start establishing credit on his own credit card and learn to be responsible and pay own bills. [/quote] Some credit cards allow you to set spending limits for authorized users. Our AmEx card, for example, allows limits. We’ve made our kids (one in college, one in high school) authorized users on our AmEx card, but have set the spending limits pretty low (a few hundred bucks). And one benefit of having the kids be authorized users is that we get the miles/points from cc spend :D [/quote]
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