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You will have a lot to think about when your child starts going to college and one of those is whether you should get them a credit card or not. It is understandable that you might be too focused on helping them pay for higher education. This can mean getting access to any form of college funds or even guiding them with their student loan applications. But you should not be quick to hand over a card to them - even if you know it will make you feel secure because they will always have the means to pay for their needs. This purchasing tool, although it is driven by our personal choices, is a double-edged sword. It can bring out the worst in a consumer - in the same way that it can bring out the best in us. As a parent, you want to make sure that the credit card will only bring out the best in your child. These cards can be a powerful aide to help college students build a credit historyand develop the right financial habits. According to the data from CreditCards.com, the average credit card debt of holders in the US is $5,540. If you only consider the cards that carry a balance, it goes up to $7,494. This difference means there are people who can successfully manage their card purchases so that it does not end up in debt. You have to make sure that your kids will be part of the statistic that brought the balance of the average debt down to $5,540.