College students have plenty to juggle, from classes to social activities and all the expenses that pop up in between.
A great way to manage these expenses is with a credit card. When used correctly, students can start setting the stage early for a fulfilling financial future.
Keeping a few fundamental tips in mind when navigating your finances with your first credit card as a college student can get you on the right track fast.
One card is enough - Once you're eligible age to apply for a credit card, you’all have plenty of options, but one card should be enough to handle your needs.
Only spend what you can pay back - The best way to ensure you pay your bill and avoid interest is to only spend what you know you can pay back at the end of the billing cycle.
Always pay on time - It’s important to know how payment history affects your credit score. No matter how busy your schedule gets, make it a priority to pay your credit card bill.
Build credit first, earn rewards second - If you’re in college and getting your first credit card, your primary focus should be to build up your credit history and a good credit score with responsible habits.
When in doubt, pick a student card - Student credit cards are designed with students in mind, and money offer benefits geared toward student needs.
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