Best Credit Cards for College Students

When it comes to college, most experts tend to steer students away from credit cards. That’s because credit cards, when used improperly, can create a financial nightmare for young adults. Careless spending and little to no income may be a recipe for disaster, but so is graduating college and setting out on your own with no credit history and being unable to get a loan when you need it the most.

Building a solid credit history and credit score is a catch 22. In order to get credit you need to have a good credit history, but if you don’t have a credit history not many people will be willing to lend to you so that you can build that history. Luckily, most cards aimed at students take this into account and you can sometimes qualify with little or no credit history and the initial credit limits are usually low. This is perfect for a college student just starting out. The key is to continue using credit responsibly and maintain that good standing.

So, if you are looking for a credit card geared towards college students, here are some recommendations:

 

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About the Author: Jeremy Vohwinkle is a Chartered Retirement Planning Counselor® and spent a few years working as a financial planner. Today, he helps people make the most of their money by writing about personal finance here and elsewhere on the web. Jeremy is also Coach at Adaptu and a regular contributor for other publications such as Intuit, and American Express. Be sure to follow Jeremy on Twitter or Google+.

1 comments
michael lee
michael lee like.author.displayName 1 Like

I agree that its good to start building your credit history early so you can have seasoned established tradelines by the time you need to get a loan for a house or a car. The only problem is most kids in college, especially those in their freshman year, get bombarded on campus by credit card promoters to apply for a credit card, but lack the financial skills to properly manage and use their cards. They often end up destorying what credit history they have than building it.

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