Need experts on credit cards for fresh college grads

Reporter: Jeff Brown

Publication: U.S. News & World Report


Deadline: Jun 30, 2017 11:00 pm

I’m looking for financial advisors and credit card experts with pointers for new college graduates searching for a first credit card, or to replace whatever they used in school. What are the most valuable features? Low rates? Great perks? What else? How would you rank them? What would you say to a young person who wants to start building a credit history but is also struggling to pay off student debt and start saving — like with a 401(k)? Would it be wiser to just use a debit card until finances are on an even keel? Is a credit card really a necessity these days? What’s the most important advice for a young person starting to build a credit history? What are the implications later, when it comes to borrowing for a car or home? How hard is it to recover from credit damage created by a few youthful mistakes? What mistakes are most common among young card users? late payments? making minimum payments? Lending a card to someone else? Getting too many cards?Can parents cosign for a card used by a 20-something? Is that wise? How can that affect the young person’s progress in developing their own credit record? Requirements: I prefer responses by email containing usable content and quotes, and because I get a lot I rarely use responses that merely offer a source for interview. Please provide the source’s full name, preferred title, firm and location.

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