CardHub: Best credit cards for new grads, the credit card comparison site, lists its top plastic for new college grads:

 -- The Journey Student Rewards from Capital One that offers 1 percent cash back on purchaes and a quarter-point if you pay your bill on time for a total of 1.25 percent.

-- The BankAmericard Cash Rewards for Students that pays a $100 reward for spending $500 or more in the first three months, plus cash back rewards of 1 to 3 percent on purchases.

-- Discover Open Road Card for Students that provides cash back rewards ranging from 0.25 percent to 3 percent on purchases.

-- For a low rate card, CardHub suggests BankAmericard for Students which doesn’t charge interest for the first 15 months.

Presumably, a college grad will be smart enough not to carry a balance on a credit card and, thus, won't need a low rate card.

CardHub also recommends the best credit cards for high school grads. But really, these teens need to first learn to use cash and a debit card responsibly.

Besides, under the CARD Act of 2009, they won’t be able to open their own line of credit until age 21, unless they have independent income or someone else agrees to co-sign and be on the hook for payments if the student skips out on the bill. Adults should be very wary of agreeing to liable for unpaid bills as well as putting their credit record at risk for a teen-ager who is just learning to use a credit card.

Proponents of cards for teens will say they need to establish a credit history so they can get an apartment after college graduation. But there is plenty of time for young adults at 21 to get a card on their own and develop a credit  history to get an apartment. And if teens don’t use a card responsibly, they could end up damaging a nascent credit record and not qualify for an apartment at all.

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