For most, going to college offers the first taste of financial freedom and the opportunity to spend your money however you want. It’s also the period when most people get their first credit score and finally become eligible for financial products, including credit cards.
Increasing your spending power with a new credit card may be an exciting prospect. Still, it’s crucial to ensure you have a good handle on your finances and that you’re fully aware of all the pros and cons of opening a credit card account while in college.