<p>Hm, that’s interesting. I only say so because I have a credit card (Visa, BofA) and I pay it off every month, and I’ve had my credit limit raised twice in the year I’ve had it, which I took to be a reward for being so good about my money. Maybe not though. </p>
<p>I thought of something else as a tip for you parents out there. If you can get a credit card for your daughter at the place where you bank, you might get a better rate than if she just gets one on her own. Most student credit cards have 18-20% APR, but I know at BofA you get a lower APR if your parents also bank there. APR’s don’t matter so much if you’re going to repay it every month, but just as an FYI</p>