James Daulton
Footballguy
Thought I'd share something we did for my son. When he was starting his junior year in college we opened a discover card in his name. Discover matches the first year cash back bonus for new members. He didn't carry the card I did and I used it like I'd use my own credit card. The limit started very low ($1k) but grew to $2.5k by the time he graduated. When he graduated we gave him the card, two years of good credit history, and almost $1k in cash rewards on the card. He's been good with the card in the intervening year and now has a credit rating of 760. He'll have no problem getting very favorable rates when he wants to buy a car, house, etc.
We're just getting ready to do the same for my daughter who'll be a sophomore in college.
We're just getting ready to do the same for my daughter who'll be a sophomore in college.
