It’s not easy getting approved for that first credit card, but having plastic in your name is important. Credit cards are one way to build a credit history, which is essential to obtaining a mortgage, car loan and many other accouterments of post-college life.
Before you apply for any credit card, you should be aware of the risks. Cards often come with punishingly high interest rates on unpaid balances, so it’s important to avoid running up more charges than you can pay off every month. If that sounds too hard, remember that there are other ways to build credit (like putting a household bill in your name, for example, or reporting your rent payments to credit bureaus).
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If you do decide to apply for a credit card, though, CardHub, a credit card comparison website, has combed through the offers out there and identified a few as winners for graduates and students.