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Can my husband and I give one of our credit cards to our daughter to use for a limited amount of time?
Answer: Since your daughter’s name is not on the card itself, some stores may not accept it because of the risk that it could be theft. You can add your daughter’s name to your credit card account and get her a card that way. Otherwise, you could just apply for a separate credit card for her with a credit limit of your choosing. Regardless, I would not risk giving her a credit card without her name on it because that can cause problems.
More questions:
- Does it affect your credit score when a credit card company closes your account?
- How do you deal with credit card debt?
- How much do you pay each month for a credit card?
- I am 22 years old, and I will be soon applying for my first credit card.
- I have like 8 active credit cards and 1 charge card
- I have two credit cards and I am unable to pay off the balance. What do I do?
- What are some hidden fees which occur when transfering a balance?
- What are some ways to start building good credit?
- What are things you should consider when deciding which credit card to apply for?
- What is the best offer you’ve seen for a rewards credit card for business?
- When applying for a credit card, is it advisable to close credit card accounts