<p>Have any of you had experience with “student accnt” credit cards? My D will be a going away in the fall and does not have any kind of credit card yet. She earns all her own spending money (we pay for most clothing–and she’s frugal) but basically it’s a cash enterprise. My bank offers a student accnt which includes a credit card w/a pretty low credit limit (the limit is set by the bank I believe, not by us) and on-line banking services, plus checking accnt if desired. She would build up credit and do her own banking. We could electronically deposit money into her account to supplement her work-study money or whatever she earns. It would be a BofA account, so undoubtedly there would be an available office where she is going. Any other suggestions?</p>
<p>Deathsadvocate, don’t count on that fraud protection too much, it can be a real hassle to deal with. A friend of mine had about $400 stolen from his checking account with his ATM card from a bank that has fraud protection, it took him months to go through the bureaucracy, and I’m still not sure that it ever got resolved.</p>