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Final answer:
College students should follow smart guidelines for credit card use, including maintaining only one card, avoiding multiple cards to keep balances low, using it in emergencies, and paying off the balance monthly.
Explanation:
Credit card guidelines for college students:
- Maintain only one credit card: Having multiple cards can lead to overspending.
- Avoid using many different credit cards: Keeping balances low is crucial for financial stability.
- Use a credit card in emergencies: Having a specific purpose for its use can prevent unnecessary debt.
- Pay the balance off every month: This helps avoid accumulating debt and paying high fees.
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