A credit card used carefully can start your credit history. Used carelessly, it can follow you for years.
Good to know
- Under federal law, applicants under 21 generally need independent income or a cosigner
- Starter options include student cards, secured cards or being an authorized user
- Pay the full statement balance every month to avoid interest
- Set up autopay for at least the minimum
A simple rule
Put one small regular bill on it, like your phone, and pay it off in full. Don't use it to fill gaps in your budget.
General educational information. Aid rules change; check StudentAid.gov. Pocket Change Hub isn't paid by any lender, card company, school or textbook seller.