College students can greatly benefit from getting a credit card, as it helps them build a solid credit history early on. Statistics show that around 57% of students have credit cards, which can facilitate financial approvals and teach valuable financial lessons. However, students must manage their spending responsibly to avoid long-term debt and high interest rates. Recent regulations have made it harder for students under 21 to obtain credit cards independently, requiring an adult cosigner or proof of income. Despite these challenges, student credit cards are a great option for financial beginners. They help students like Emily Rabbideau, who successfully navigated her finances with a student credit card, ensuring she never spends more than she can pay back in full. By treating a credit card like a debit card, students can avoid carrying a balance and maintain a positive credit score, which is crucial for future financial endeavors like loans and leases.
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