Help Your University-Age Child Build Credit With A Low-Limit Card

Help Your University-Age Child Build Credit With A Low-Limit Card

It’s important to build solid credit because your life can be difficult without it. To help your adult child establish credit, have them sign up for a low-limit credit card.

Photo by CUNY Academic Commons

Forbes offers a few different tips for helping uni students build credit, and here’s one they suggest:

Have your child open a credit card — but have the bill sent to your house….You can help them by monitoring their credit card usage. Start with a low-limit card that can also earn them reward points and be sure to pay it off in full to avoid those high interest charges.

There are without actually using a card. Eventually, it pays to learn to use credit responsibly, but this is a decent option when you’re just starting out.

For more detail, head to their full post at the link below.

3 Financial Tips For Parents Sending Students Off To College [Forbes]


The Cheapest NBN 50 Plans

Here are the cheapest plans available for Australia’s most popular NBN speed tier.

At Lifehacker, we independently select and write about stuff we love and think you'll like too. We have affiliate and advertising partnerships, which means we may collect a share of sales or other compensation from the links on this page. BTW – prices are accurate and items in stock at the time of posting.

Comments


6 responses to “Help Your University-Age Child Build Credit With A Low-Limit Card”