Credit cards can be scary and dangerous, if you’re not educated. However, they are one of the best ways to grow your credit. Why do you need credit? If you want to buy a house, you need credit. If you want to buy a car, you need credit. If you want to start up your dream business and take a loan from the bank, you need credit. See the trend here? Credit is essential to being a grown up. Just make sure to do your research before embarking on building your credit.

Student Credit Cards

These are made for new cardholders to establish credit, such as a college student. Be sure to search for one with no annual fee and added perks (late forgiveness, cash back, travel points and other rewards).

Annual Percentage Rate (APR)

This is the amount of interest charged to you when you carry a balance from month to month. The lower, the better.

Fees

There are different types of fees, and this is where credit card companies usually get you. The biggest one to try to stay away from is the annual fee. Also look for additional application and processing fees. I’m telling you, they try to get you!

The world of credit cards is expansive-so definitely do your homework!

Keep growing (your credit!).

-College Cents