| Well, my daughter has three cards: a debit card on her own checking account which she opened when she began working at age 16 (she manages this one on her own and after a few $26 overdraft charges, learned her lesson and has managed not to be overdrawn anymore). She also has a card linked to our main credit card account for those emergency times e.g. car breaks down and other items that we cover e.g. school books, prescription refills. She also has her own, very limited ($250 limit) credit card. She is pretty much deathly afraid to use it because she doesn't want to run up any late or interest charges but I've actually had to encourage her to use it just once to establish her credit. The problem is I think she used it once and I'm not sure where the bill went! I think it might have come to our home but knowing me, I tossed it out without opening it thinking it was junk mail. I might have to investigate that one. |