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She's 18 now. We asked about getting her a credit card--she applied on the spot for the Student Visa card with a $600 limit. I mentioned that I understood that I would have to co-sign for the CC--BofA rep said no need for me to do so. Interesting...
So we'll know in 10 days whether card will de approved or denied. I'll let you know.
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To update...we got a letter from B of A saying that D's request for a credit card was denied. I thought it was weird, since the B of A rep acted as if the credit card was a done deal. Well, credit requirements have changed in the past 10 months...
So we went in today to the B of A, with the idea of inquiring about credit cards that we could co-sign for her. I read the denial letter carefully (should have done it earlier) and saw that D was being denied for the Super De-luxe Platinum Plus card--some B of A rep had clicked on a wrong box somewhere.
The new B of A rep said that D had been approved on the spot for a Student VISA card with a $700 limit, with no parent co-signer required.
So, B of A is issuing credit cards to students without co-signers as part of their Student Account package. Not a big limit to start out with, but the limit does go up and a student can spend the next 4 years accumulating a credit history. The rep did ask what parents annual income was, but we were not required to co-sign for her.
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