Establishing credit for your children is very important, especially when they get into college. How do you establish, or help your child establish credit when they're in college is get them a credit card and you should teach them how to use it before they go away to college. But getting a credit card in their name with a very low limit, a limit of let's say $500, so they can go and start charging things on their credit card and paying it off in their own name is very important and will help them establish credit.