5 Ways to Build Credit as a College Student:  What to Know

1. Become an Authorized User

By becoming an authorized user on someone else’s credit card—be it a parent, guardian, or other trusted adult—the credit card issuer will send a credit card to the primary cardholder having your name appear on the card.

2. Secured Credit Cards

Secured credit cards often serve as the first step for young adults or people who don’t have an established credit history to have access to credit.

3. Credit Builder Loans

A credit builder loan functions as a tool for people who have low or no credit history. They can use them to begin building up their credit scores by establishing a credit history.

4. Apply for Low Limit Unsecured Credit Cards

If you have developed good money habits and think you can handle a line of credit, you may want to start with a low-limit unsecured credit card.

5. Apply for a Credit Card with a Co-signer

Having a co-signer credit card works similar to carrying a joint brokerage account or bank account—you both have access to the funds

What is a Credit Score?

A credit score is a number that predicts how likely you are to repay borrowed money.

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