Credit Cards: Young adults, particularly college students without a credit history, often receive offers banks and other businesses for credit cards. The terms offered should be studied carefully. These will typically extend a lower amount of credit, some where around $300 to $500.

 Accepting one of these credit cards, using it sparingly, and making sure the payments are made on time is a good way to start establishing good credit. After proving that you are responsible with credit, your good credit history will allow you to choose other credit cards with better interest rates and no annual fees.