I think you should try to be guilt free about this cash CC. I'm with sqrl in that my biggest worry would be that I might blow it foolishly. But it's yours now. I would say spend some on the stuff you need, bills and what have you, get a little something nice for yourself, and hold on to the rest. I'm sure it will come in handy in the future. If you want to give some to your daughter, i.e. deposit some in her savings, then by all means. But I guess I'm quite selfish when it comes to something like that. I think that if you hold onto some of it you will be glad you did further down the road.