So You Have Your First Credit Card? After waiting for a long time to either persuade your parents or to take the big step yourself, you finally have your first credit card. It's a great feeling, but it's also a huge responsibility. Too many people abuse this privilege and wind up paying the price through debt for many years to come. Don't make the same mistakes they did. Fortunately, there are ways to avoid this, and most of them simply have to do with being smart with the use of your credit card. In receiving it, you've also been given a chance to start your credit history out on the right foot - and to keep it that way. The most basic thing you can do to achieve this goal is to make your payments on time and in full every month. You might be tempted to sign up for several different cards, but don't get ahead of yourself. Chances are you'll lose track of the separate accounts. Remember, more cards mean more bills. One thing you can do to stay on top of things, though, is set up automatic payments - though you should have records of everything besides. The same misconception is made about a high credit limit. You think you'll be able to buy anything, and that's just the problem because you can afford to buy anything. Keep the limit at a point that it will allow for everything you might want to spend, but will also force you to limit use to emergencies only except in very special circumstances. Even if you do everything right, there are plenty of other people you won't. Because of this, you can't ever lend your card to anyone, even if they're a very good friend. It's just too big a risk to take with your money. You should know where your card is at all times and not let it out of your sight when it isn't in your wallet or your hands. Also, keep your eye on what the card company and others try to get you to do. Things like cash advances are made to sound as appealing as possible, without mentioning all the negative effects. In this case, those come in the form of high interest rates. You'll probably end up spending more than what you were taking out in the first place. Of course, this is only the very tip of the iceberg when it comes to what you must do. That said, you shouldn't let yourself feel overwhelmed - it all comes down to common sense. Just don't let yourself spend too much and always be on your guard. That way, the credit card you have really will be everything you want out of it. For more tips on first credit card , low interest credit card and small business credit cards visit Best Credit Card Offer