After you turn 18, you may be eligible for a credit card. But remember — it’s important to compare credit card offers. Some charge an annual fee, while others require a deposit equal to the amount of credit you have available — not a bad idea, since you can’t charge over this limit.

You may get in over your head with bills you can’t pay by charging too much on your credit card. Administrators say more students drop out of college because they are forced to work to pay their credit card bills than from failing grades.

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