College and Credit
To have a card or not
Owning a credit card is a big decision and can seem as an intimidating one. When managed responsibly a credit card allows the user to build credit and learn some valuable financial skills.
Discuss options with your parents or family, and even a professor or close friend before making a decision on whether a credit card is the right choice for you.
10 Ways Students Can Build Good Credit
US News offers helpful insight on who should be getting a credit card and why:
The Case for College Students to Have Credit Cards
Many banks and companies offer cards specifically for college students, learn about and compare them here:
What to do with the card you have
Learning how to manage a credit credit card is crucial when making the decision to own one. You must be able to at the very least:
1. Keep up on the bills
2. Track your spending
3. Make sure you can pay off your debt each month.
4. Plan to pay the bill in full every month.
The reward to successfully balancing all this is increased credit, allowing you to take out loans, buy a car, and even apply for a housing mortgage.
Below are some articles to help you takes steps to stay on top of your credit card. Doing research is crucial to making informed decisions and ensuring your financial success:
Five Common Credit Card Mistakes That College Students Make – And How To Avoid Them
Managing your Credit Card Account