I've been thinking about letting my DD be an authorized user on 3 of my credit cards (all very low balance cards). The reason I want to do this is because down the road (in August) when she wants to go shopping for school clothes (entering HS) with her friends, I don't want to be tagging along. I also don't want to give her cash that she could lose (or not get correct change).
My thought was to get her her own card, let her use it (tell her there's only $100 on each card), and then take them back and put it away until the next time she needs new things.
Has anyone else done this? Any opinions on this?
My thought was to get her her own card, let her use it (tell her there's only $100 on each card), and then take them back and put it away until the next time she needs new things.
Has anyone else done this? Any opinions on this?