When it comes time to finance a car, apply for a loan , or rent an apartment after graduating, having good credit is key. Some …
When it comes time to finance a car, apply for a loan, or rent an apartment after graduating, having good credit is key. Some employers will even check your credit before making you a job offer. But it can be hard to build credit from scratch — and that’s why the student credit card system exists. Like a bike with training wheels, a student credit card helps students learn how to manage credit cards and begin building credit while limiting risk. Compared with a regular credit card, spending limits are relatively low. That means the chance of debt spiraling out of control, resulting in bad credit, is smaller with a student card. There are a handful of great student credit cards out there. This list — which we’ll update periodically — will help you choose the one that’s best for you.
