Two-thirds of college students have at least one credit card. Make sure your teen's credit habits -- and credit rating -- get started on the right foot with these easy tips.
Ground Rules
* Build credit
* Cash alternative; not a loan
* What to buy on the card
* Pay weekly or bi-weekly
* Monthly money meetings
ID Theft Protection
* Secure online access
* Fixed mailing address
* No card sharing
* Check report www.AnnualCreditReport.com
Student Card Pit Falls
* Avoid rewards cards
* Build credit NOT a balance
* Beware monthly fees
* Credit limit (limit to 30% of real limit)
Other options
* Checking account with debit card
* Secured card or Pre-paid card
* Joint card: authorized user on your card
* www.CreditCards.com
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