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Reply to "Adding college student to credit card?"
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[quote=Anonymous]Personally, I opened a new credit card when our youngest was 16 and started driving solo. I set a $3K limit and both of us were on the card. Added the younger sibling once they started driving as well. So when they went to college they already had a credit card. Now the "out of college kid" uses that card when we want to pay for something for them. Easier than transferring $$. I prefer to keep them on a card with a lower limit (my cards are significantly higher), that is easier to track what they are charging as well. That way they cannot go crazy and ruin theirs or my credit. [/quote]
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