Building Credit Responsibly with Credit Cards

Campus banners on facade of main building on AIC campus

“If you don’t have any credit when you leave college and you’re really starting your adult life, whether you’re buying a car or you’re applying to buy a house or you’re even renting an apartment, if you don’t have really good credit than you’re going to be automatically denied or you’re going to have to pay higher interest rates. So the opportunity to build your credit while you’re in college is a really positive thing,” Sage Stachowiak, director of financial aid at American International College, told the local NBC affiliate.

Some cards may come with restrictions such as a minimum age of 21 or proof of a full-time job and others may offer perks including lower interest rates for good grades. A helpful suggestion, start with a small limit, such as $300 per month.

The entire news story can be found online at: http://wwlp.com/2016/08/05/college-students-see-a-need-to-build-credit/


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