- Poor Credit
College seniors owed $4,100 in credit card debt by graduation, according to recent research from debt.org.
Exposure to credit card offers for the first time and building good credit can help lay the groundwork for future financial options — but proceed sensibly.
Don’t let credit cards be an excuse to spend beyond your means.
Start with a line of credit you can handle. If you manage that well, later on you’ll be able to borrow more.
Pay your statement on time and more than the minimum due each month, keep balances low, keep long-standing accounts open, and avoid applying for too many credit cards are huge factors to maintain good credit. Look for a credit card that offers perks like cash back rewards and a low APR.
Remember to check credit history at least once a year. Look for a credit card that offers perks like cash back rewards and a low APR.
About Post Author
