This article on student credit cards is the first of many on teaching teen's responsibility. Written by parents for parents.

It's a great debate on what to do these days. The debate to allow your child to have a student credit card or not. Many parents are afraid to give up this control and allow a teen or college student to have such a large responsibility.

If your teen or young adult has a job then you can help them build credit in college or high school and learn some basic finance skills. In a world were good credit is becoming more and more important you can help your young adult become qualified to purchase a home at a younger age as well as life-long skills.

Ideas on how to teach your child about credit by allowing them to use a college student credit card:
1. Keep the credit card limit to $250 or $500.
2. Make sure they understand they must pay the bill.
3. Show them expense tracking and budgeting.
4. Eliminate bad cash spending habits.
5. Set rules for spending (what is ok to buy).
6. Explain the fees, interest, and grace period.
7. Pay-off credit card balance each month.

Finding the best student credit card:

• No annual fee credit card
• 0% Intro period
• Points, Miles, or other rewards

While teaching your young adult good spending habits and financial responsibility make sure to discuss the dangers of too much credit. This would include: over-extension, debt accumulation, credit scoring and how it works, and the problems with debt at a high rate of interest.

Use your good judgement on deciding if a college student credit card is right for your young adult or teen. It may be too early to transfer such responsibility, but the sooner you discuss these types of things the better off you'll be in the long run.