Yes -- Add her as an AU ( Conditional On )
1 You have good credit.
2 The CC that you want to put her on reports to the Credit Bureaus.
Some banks do NOT report AUs to the credit bureaus
3 You keep the utility low on the card.
4 It has a few years of history. Tend to choose one of your older cards,
"Age of oldest account" is the primary benefit that an AU card gives a young person"
5 You keep/control of the spend/payments on the AU-Card. (Protect your scores),
Many do not give the card to there daughter or son. They don't even know that they have one.
It is just there to help get them started.
Others give them the card and use it as a teaching tool and keep a good eye on use and payments.
6 Amex is rumored to reset the age of account to new for an AU (no first hand experience)
7. Banks and CU's all have different minimum age requirements for adding an AU or giving out a secured CC
The average age from responses on previous post are about 15.5-16 for AU and minimum of 18 for secured CC.
I started helping my daughter when she wad 16. now 19.
Added as AU on 2 of my Credit Union -CC's (3-years ago),
At 17 she got a secured CC, and she now has a 790 Fico.
It does speed things up, and give history for when they need it later.
