Advice on Choosing a First Credit Card

I recently had an exchange with an old friend of mine named Spencer, who is finishing college and interested in acquiring his first credit card. He writes:

I was writing to ask your advice on Credit Cards. I know that you are a credit master, and I’m finally looking at getting my first card. I’ve been searching around, but so far I’m still totally overwhelmed. Do you have any suggestions for a first, easy to handle card? I’ll just get getting it to establish my credit line and using more like a Debit card (only buying things I can already pay off)… Any advice would be much appreciated. I don’t wanna end up with credit issues like Greece… 🙂

Mr. IM replies:

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