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I have a National City Credit Card. So far, I've been happy with it. It is our secondary credit card and is rarely used and has a low limit. I put my oldest on the account last year and gave her the card with strict guidelines of it being for emergencies only. She's done well with it (less than $40 for the whole year and she called me before she used it). This year I put my youngest on the account (she's 14) but I haven't given her the card. For the younger, she will only be allowed to use it when I feels she's ready..for now it's safely in a locked box. Her older sister went on some trips and shopping excursions that would have been inappropriate to carry large amounts of cash - so I'm anticipating that could happen with the younger one as well.
My older one has received copious numbers of credit card offers, and I am proud to say that so far she has put them all into the shredder. She has the one card that we share and that's it. But, she has friends that are in dire straits because they signed for several cards and are in trouble with them. She says that she feels the biggest issue is that I sat her down years ago and explained how credit cards work, and her friend's parents did not. She feels that ignorance about them, the terms, etc. is the biggest contributing factor to getting into trouble with them. She's read "terms" and says that they are hard to understand and it's easier to shred them than to take the time to understand them.
So I guess I've lucked out with it so far!
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