Because let's get real — they're confusing AF.
can be more difficult than trying to decipher Kendall Jenner's current relationship status, but it doesn't have to be that way. If you're heading off to college soon, now's the perfect time to school yourself on those little pieces of plastic that come with a lot of power and hella responsibility. Here's exactly what you need to know, like can you even get oneIf you're at least 18, you're eligible.
Based on all of that, you're given a credit score, which reflects the health of your personal finance. Think of the number as a game and your goal is to keep it as high as possible. A great score is anywhere from 700 to 800; a good score is between 600 and 700; anything below 600 needs some work.There are two solid options: You can ask a parent with credit history to co-sign for you.
Be clear on the interest rate. If you don't pay off your charges at the end of the month, the charges will be carried over to the next month and often increase by a certain percentage. How big that increase will be depends on your interest rate. Know the card's limit. You can't spend whatever you want. Once you reach the maximum, you have to pay down the balance before spending more — if you go over the limit, you could be charged a penalty. Try always to stay below half the limit if possible.It totally depends on what you're using your card for.
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