Does this really help the child/student gain a credit history? It does show up on the students credit report but occasionally it doesn't.Don't know about the credit history part. I got my first credit card when I was 16. Had a $500 limit on it, and had to be co-signed by one of my parnets. Can't even remember what bank it was. Anyway, I've never had a problem realizing that charging stuff on the credit card was the same as actually paying for it, just delayed, and never got in any trouble. But, for those students who don't ace the math section of the SAT, perhaps having a credit card with an incredibly low limit is a good learning tool to teach them real-life personal finance stuff. It's better to learn while your parents are still around rather than in college where you can dig your hole pretty deep and nobody's there to teach you what you're doing.-Agg97
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