In prior posts, we have studied such aspects of credit as these. What’s in Your Wallet? Cash, Credit Card, Debit Card? Do YOU Understand YOUR Credit Report? And now, we look at credit for young adults. Hence, US News credit card advice for young adults .
US News & World Report is a highly credible source that offers recommendations across a wide range of categories. It even runs a Web site called Rankings & Advice. At that site, education, health, money, travel, cars, and law are covered.
US News Credit Card Advice for Young Adults
Last month, US News reported the results of a survey on credit cards and young adults. And it offers a lot of good advice in such categories as these:
Consider these charts.
“Forty-four percent of respondents weren’t educated by their parents or teachers on important topics related to credit usage and management before getting a credit card.”
“More than one third of respondents either don’t have an idea of what their credit score is or don’t know what a credit score is.”
“46 percent either don’t know what their card’s annual percentage rate is or don’t know what an APR is at all.”
“Nearly two thirds of respondents (64 percent) reported that they carried a balance on their card at least once in the last year, with 31 percent reporting that they carried a balance six or more times in the last year.”
Now, click on the image below to access US News’ full battery of advice in the areas noted earlier in this section.