All credit cards not equal, service says

   College students should beware; not all credit cards are created equal.
   Students educated with an understanding of credit card basics are more likely to be responsible and have less card debt, the American Financial    Services Association Education Foundation reports.
   The AFSAEF develops consumer education materials and sponsors research on consumer finance issues.
   The foundation lists five credit card tips for students before they choose a credit card.
   Annual fees can range from nothing to $50 or more.
   Students should compare offers to determine the terms and costs that fit their needs. Decisions should not be based on giveaways.
   Consumers should protect their account numbers at all costs.
   People should not randomly give their card numbers away over the phone or Internet unless they initiate the interaction.
   Once students begin to use a credit card, a credit report will be set up for them.
   Consumers should check their credit report at least once a year to ensure accuracy.
   There are three major credit bureaus: Experian, Equifax and TransUnion.
   Managing a credit card in college can affect one’s future.
   What’s in a credit report can affect future endeavors such as buying a car, getting a loan for a house or being hired by an employer.
   Credit cards are not free money.
   Students should be sure to use only as much as they can repay.
   Living a lifestyle they cannot afford will lead students to financial trouble.
   Founded in 1990 and based in Washington, D.C., AFSAEF develops consumer education materials and sponsors research on consumer finance issues.
   The foundation is affiliated with AFSA, a national trade association for financial services providing credit to consumers.