College is a good time to start building up your credit. Some landlords take credit scores into account when deciding whether or not to let you rent an apartment, so it’s beneficial to have a good credit history. And if you’re looking to buy a car sometime in the future, having a high credit score can help you secure a low interest rate on a car loan.
Using credit cards, and paying them off in full each month, is a good way to establish your credit. But some college students make financial mistakes that end up hurting their credit scores.