Student Credit Card and Credit Education Blog

Since you’re here, you must have an interest in credit cards. I do, of course, and will help you along with deciding which credit card to sign up for, and also to provide assistance with all the crazy terminology that’s used on a regular basis.

Let’s begin with why getting a student credit card is important.

So, you just graduated college and want to buy a car. You find a beautiful red Honda Civic that has a sunroof and an adapter for your iPod. The salesman asks, “How are you going to pay for it?” You respond, “I’d like to finance the car.” The salesmen asks for your social security number and goes off to his computer in order to check your credit rating .

He comes back and says, “I’m sorry, but your credit score is very low, so your monthly payments are going to be quite high.” Not the answer you were looking for – that’s why a student credit card is key!

Signing up for, using, and paying off a credit card while you’re still in college lets the U.S. banking industry know that here’s someone we can trust with our money, because they have a history of paying it back. So, making sure that you can handle this big responsibility will benefit you in the future, whether you are buying a car or a house. Are you up to the challenge? Sign up here!