re: Credit Card Rewards and Points Discussion

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Why does she want one? Just to increase her score?

Do you by chance have an old card that has excellent usage (very little % of limit)? The older the better and the lower the % the better. You can add her on to that and that would help the score. Or maybe her parents have a card like that?

Example-I put my son on an oooooold cap one card that I have that isn't even in my wallet. I've had it for about 6 years-ish. I only keep about $20 charged on it and pay it down to $2 every month when I get the statement. Rinse, repeat. I usually just buy something small on amazon and use that card.

His credit went from zero (was 18 at the time and no credit at all) and now over a year later his score is better than mine (yours too).

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She said she had called some places and she could get one if I co-signed? bad idea? I don't know enough about CCs to delve into that.

She doesn't really need a CC, but it makes sense. She has a ton of loan money to pay for things like gas, groceries, etc., so instead of using a debit card, why not use a CC and get rewards for it?

I could add her to my Discover card. I opened that almost four years ago. I don't use it anymore. Maybe a few times a year to put gas on it then I pay it off.