First credit card? Five key tips for college students.
News from Christian Science Monitor:

If getting a credit card is a rite of passage for college students, choosing the right plastic and learning how to use it responsibly is a matter of life and debt. Young people age 18 to 24, carry an average credit card debt of $ 2,002, according to CreditKarma.com. Before you end up as a debt statistic, learn to pick the right card and manage your credit before getting your hands on plastic. Here are five things every new credit cardholder should know:

Getting a first credit card (like the Central Michigan University student in this file photo) is a rite of passage for many college students. Be sure to be selective when you apply for one. (Ben Garvin/The Christian Science Monitor)

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