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Credit card companies flood college students with credit offers. It may not be a great idea to act on them, but if you do you should be equipped with the best information out there so you don’t make the same mistakes others have made.

The biggest mistake people make with credit cards is that they rack up a lot of credit card debt.

Instead of doing that, you should use this is an opportunity to build credit. Take a look at these important credit card terms every student should be aware of below:

Additional cardholder – Credit card companies will allow another user to be on the account. The additional cardholder is not usually liable for making payments on the account, which remains the responsibility of the main cardholder.

Authorized user – Authorized users are people who have permission to use the credit card.

Co-signer – A co-signer is a person who is obligated to pay back the loan from the credit card just as the borrower.

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