Moderator: Financial Aid Guru
dumbodumbo wrote:If you have 100% trust in your daughter when it comes to finances, then a credit card is a good idea. We as parents would want to be assured that our kids will have something in case of emergencies while they are away from us. However, kids their age can also be overwhelmed with the freedom, and so they can go out of control quite easily. A credit card wouldn't be a great idea if there is doubt in your mind that she will be responsible with her finances. IF this is the case, then you really have to set strict limits and make clear to her the things she can use her credit card on.
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