MB131174 wrote:Yeah, when my nephew turns 15 I'm gonna add him to one of my AmEx cards and set his limit to like $200. That way he has SOMETHING available in case he absolutely needs it (example - hanging out with his buddies and has no cash yet they decide to stop and get a pizza or see a movie or whatever). The agreement will be, he spends it, he pays it, or the card gets frozen. Don't wanna see him make the same mistakes I made when I was younger. I'm thinking $200 should be a good enough "limit" for a 15 year old, plus it'll help his credit start out on the right foot for future needs.
And get him that sweet backdating when he gets his own AmEx in the future. Definitely the best card to make a kid an AU on. I think it's something any parent ought to consider doing for their kid(s), as long as those parents are handling the card the right way (paying it off monthly if it's a revolver, etc.) so that it won't result in any negative marks. You don't even have to actually give the kid a card.