Personnel experiences -Store student credit card-

Working on a Department store there is a chance to see all sorts of people coming by and it is frequent to become the confident of most of them.

I once had the opportunity to meet a father who had five daughters. All of his girls had decided to become medical students on different medicine areas: One wanted to become a nurse, the other a gynecologist, a cardiologist, a third one wanted to become an EMT and the smallest one just wanted to be a dentist.

The five sisters then decided that they wanted to go together to the same school and this school was out of state almost cross-country. The father, being a doctor himself understood his daughter’s ambitions and supported them the best he could. He told me that despite he was a physician money is definitely something that does not grow on trees and therefore he had to come to the state and visit his girls at least twice a month and verify that they had been paying all their debts in time.

I asked him why was it that he did not give them a credit card or maybe a saving account with a debit card. He said that the youngest one was barely 18 and the oldest was 22 and he did not trust his girls enough to give them a bank credit card. But he was indeed at that moment in the store to submit an application for the store’s credit card so that his girls would have the necessary uniform that their school was requiring.

He contacted the credit department manager and asked for an appointment. When they met, the father told the credit manager that he was very interested that his girls would have each their own credit card, so that there would be no need for all of them to go at once to the store to make a purchase, but he did not want them to have the traditional line of credit. At that time, the traditional line of credit was of $20,000 USDLLS; naturally he thought it was way too much for five young adults even as a group.

So he asked for five credit cards each with a maximum line of credit of $1,500 USDLLS, not even the 10% that the store usually gave. So this is the best evidence there is that there is no need for a parent to be forced to give their child a credit card with an excess limit.