Having a credit card is vital in today's world - without a solid credit history, you won't be able to get a mortgage or a car loan when the time comes. Start your credit history with a student credit card designed for young people with limited or no credit history.
Student credit cards do more than just help you establish a credit history - they teach responsibility and good money management skills. Look for cards that offer cash back and get rewarded while establishing your credit history.
Student cards are a start-up line of credit, and as such, they often have slightly higher interest rates and are capped with a limit of around $500. However, you still need to make payments on time and paying off your balance in full whenever possible. These are credit-card basics you probably know already, but there's more to learn about the world of credit, to put you on the road to a lifetime of good credit.
Do your homework
Always read the fine print - it might not seem that important, but it really is. You need to be familiar with the terms and conditions of any credit card you apply for.
Your credit, good or bad, will be established now depending on the way you use your card. Be smart and get a good start.
Pay right away
When you pay your balances immediately, you pay no interest. The longer you take to pay, the more interest adds up - an item that was a bargain in the beginning can end up costing a pretty penny in the end if you don't pay it off quickly!
Some student credit cards require a co-signer to be responsible for any debt if the student defaults, but not all do. If you want to establish your own credit history, look for the credit card which does not require a co-signer.
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