Why You Should Get a Credit Card in College

student credit cards

If you’re in college (or are preparing to be), now is a great time to start building credit. Getting a credit card is one of the best ways to do this, and there are even student credit cards designed to help students start. But if you’re not sure whether or not you should get a credit card in college, keep reading to see the advantages of doing it now.

It allows you to start building credit early

This is the number one reason many students get a credit card in college. Throughout your life, many lenders and businesses will look at your credit. This includes things such as applying for loans, jobs, and even things such as rental applications.

The sooner you start building credit, the better. If you begin in college, you’ll already have a demonstrated credit history and strong credit score under your belt by the time you graduate and enter the “real world,” which makes you one step closer to accomplishing goals like those listed above.

It’s there for emergencies

Having a credit card in college is a great resource for any unexpected expenses or emergencies that may come up. No one likes to think about this, but if something happens, do you have the money to cover it in a pinch? If you have a credit card, you know it’s there just in case anything comes up unexpectedly.

You can start building good financial habits

College is the perfect time to start establishing good money management skills. With a credit card, you’ll learn how to use one responsibly, as well as track your credit. To keep your credit going strong, it’s crucial to carry low balances and make payments in full and on time each month. Sticking to this also encourages you to keep to your budget – something that you’ll need to know how to do in college and beyond.

Money management may not be very exciting, but it is a very important skill to learn early on so you don’t break your budgets or find yourself in a financial mess after college.

You can earn cash back and other rewards

Credit cards aren’t all no fun! Many cards, especially student credit cards, offer a variety of rewards for cardholders. These typically include cash back on purchases, rewards on travel, and access to special promotions.

There’s a lot of responsibility that comes with credit cards, but as long as you maintain good habits, getting a credit card in college is one of the best things you can do for your future.

Want to explore more options? Check out what Deserve student credit cards offer here!