Professor Ranjan George of the Rutgers School of Business–Camden was recently featured in a WalletHub article examining the experiences and lessons behind consumers’ first credit cards. Drawing on both personal experience and professional expertise, Professor George shared practical insights on how first-time credit card users can build strong financial habits from the very beginning.
Professor George reflected on opening his first credit card after arriving in the United States with no domestic credit history. Following advice from a friend, he began with a secured credit card, using it primarily for essential online purchases and making timely payments to establish a solid credit history. He also highlighted the importance of closely monitoring accounts, noting a fraud incident that was quickly resolved by the bank—reinforcing the value of responsible card management.
In the article, Professor George emphasized that college is an ideal time to obtain a first credit card, as it offers both convenience and an opportunity to learn how credit cycles work. He stressed that paying balances in full each month is critical to building a strong credit score and creating future borrowing opportunities.
Professor George also shared key advice for first-time users, including using credit cards for essential expenses, understanding penalties for late payments, monitoring activity regularly, and setting up fraud alerts. While credit card companies actively seek new customers, he noted that financial responsibility ultimately lies with the consumer and that paying balances in full remains the cornerstone of long-term financial health.
To read the full article and learn more from Professor George’s expert insights, click here.