Should a College Student Get a Credit Card?

Here’s what you need to know about whether a college student should get a credit card and how they can use their cards responsibly to reap the benefits (while avoiding the pitfalls).

Should a College Student Get a Credit Card?

Credit cards, when handled responsibly, can serve as a valuable tool for building credit. But should college students consider student cards? Below, we cover some considerations to make before applying.

What Should You Consider Before Getting a Credit Card?

First, you should take the necessary steps to improve your credit score before applying for a card. This helps with increasing your approval odds and securing better terms and rates from lenders.

Is it a Good Idea to Get Your First Credit Card as a College Student?

To ensure getting student credit cards is a good idea, first, take actions to address that you get your first credit card for the right reasons: 1. Establish and Fund an Emergency Fund. Before applying for a credit card as a student, it is a good idea to have an emergency fund established and funded. 

Is it a Good Idea to Get Your First Credit Card as a College Student?

2. Pay Off Any Existing Debt. Before proceeding with a student credit card, make sure you pay off any existing debt, such as personal loans or other costly forms of debt. 

Is It Worth It to Get a Credit Card in College?

For college students who are unsure about how they will handle using their first credit card, it’s best to wait until after completing these steps before applying for your first student credit card.

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