How can an 18 year old start to build a decent Credit History?

HeatherLass

Hi all, my daughter is really good with money & has 2 jobs whilst in her last year of Alevels.   She has several accounts for various needs, has £3k in savings and has just bought her second car ( I paid her insurance in one hit). In her “busy” account she likes to keep £500 in for her hobbies, and if it goes over £500 she puts it over into her savings.   She has said she wants to buy a house ASAP.
How would you suggest she starts to build a decent credit history?  I did think an Aqua card or such like - I do trust her to pay off the balance at the end of the month.  Any other ideas?  Thanks in advance. H

[Deleted User]

Any credit card will do the trick. But also make sure she's on the ER.

HeatherLass

Deleted_User said:

Any credit card will do the trick. But also make sure she's on the ER.

She is on the ER already 👍

[Deleted User]

Ask her bank about a card, if she's working and earning so much that she can afford to have bought 2 cars by 18 and has all these savings etc then the bank should be willing to give her a card that she can start paying off monthly. Usual other stuff - mobile phone contract (or SIM only contract at the least) and leave it for a while

Buying a house asap seems a bit optimistic though, 10-20k deposit and earnings from a full time job for a decent period are the very least a lender will want before considering her for even a 1 bed starter