How college students can build credit

For "money" Monday, let’s talk about how college students can build their credit. Their options are changing along with credit card rules.

The new credit card law that goes into effect next year bans credit card companies from giving students gifts to sign up or from signing them up at all if they're under 21 and can't prove they can make payments on the card. But until then, you can bet credit card companies will be aggressively targeting college students-- maybe like never before.

USA Today says if college students want to resist the temptation of their own card and the potential trouble it can lead to, they can build their credit by becoming an authorized user on their parent's card. When they use their parent’s card, the student's use is reported to the credit bureaus in their name.


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