[jdeibele]

We have a credit card with Capital One because they allow for credit cards to minors with a monthly limit that you can adjust. My 3 kids started out at $250/limit (way more than I expect them to need but also what we could live with if one of them got carried away). My oldest hit her limit once for textbooks and then again for college application fees. So we increased just her limit.

It's really nice that they can use this to get familiar with credit cards and show to us that they're trustworthy. Instead of me buying a textbook or buying tickets for movies (back in the pre-Covid days) or making sure I have cash, they take care of it themselves and I get the statement.

I don't know if there is any benefit to them for credit scores because my oldest isn't quite 18 and none of the credit agencies will report until they are 18. But they're all on 1GB/data plans (Tello for $11/month) on their own credit cards.